Musk: Rumors of SpaceX raising funds at an $80 billion valuation are inaccurate

BlockBeats News, December 7th, Saturday local time, Musk refuted media reports that SpaceX is raising funds at a valuation of $80 billion, stating that these reports are not accurate. Musk explained that "SpaceX has had positive cash flow for many years, conducts regular stock buybacks twice a year, providing liquidity for employees and investors. The valuation increase is mainly due to the following developments:

The continued progress of the Starship and Starlink projects, as well as the successful acquisition of global direct-to-phone spectrum licenses, which has greatly expanded our addressable market. Furthermore, there is one key point to mention: despite my appreciation for NASA, next year NASA-related contracts will account for less than 5% of our total revenue.

Currently, commercial Starlink business is SpaceX's largest source of revenue. Some claim that SpaceX has received subsidies from NASA, which is completely incorrect. SpaceX won NASA contracts because we offer the best product at the lowest cost. In the field of crewed space transportation, SpaceX is currently the only option that meets NASA's safety standards."(Jinse)