Musk denies $800 billion SpaceX valuation reports

Dec 6 (Reuters) – Elon Musk on Saturday dismissed media reports that SpaceX is raising funds at an $800 billion valuation, calling them inaccurate.

“SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors,” Musk said in a post on X.

(Reporting by Devika Nair in Bengaluru; editing by Diane Craft)

Brought to you by www.srnnews.com