Elon Musk Denies Reports of $800 Billion SpaceX IPO Plans

Elon Musk shot down reports that SpaceX plans to sell secondary shares at an $800 billion valuation, calling the media coverage inaccurate. The Tesla CEO said his space company has been cash-flow positive for years and regularly buys back shares twice annually to provide liquidity for employees and investors.

This isn't the first time Musk has pushed back against valuation reports for SpaceX, where he still owns roughly 42% of the company. An $800 billion price tag would double the company's value from its last share sale just five months ago. That kind of jump would boost Musk's already record-breaking wealth — he became the first person to hit $500 billion in net worth back in October.

The timing matters here. SpaceX has become a dominant force in the space industry since Musk founded it in 2002. The company's Falcon 9 rockets have launched dozens of missions, from putting satellites into orbit to delivering supplies to astronauts on the International Space Station. But the real money could come from Musk's bigger plans — sending spacecraft to the Moon and Mars within the next two years.

For investors watching the private space market, SpaceX's valuation reflects how quickly the industry has grown. The company competes with traditional aerospace giants and newer players, but its reusable rocket technology has given it a clear edge in launch costs. Government contracts from NASA and the Pentagon also provide steady revenue streams.

Musk's denial suggests SpaceX doesn't need outside capital right now. Companies typically sell secondary shares when they want to raise money for expansion or let early investors cash out. But if SpaceX is generating positive cash flow and buying back its own stock, it's in a strong financial position without needing to court new investors at sky-high valuations.

The space economy keeps expanding as satellite internet, space tourism, and government missions drive demand for launches. SpaceX sits at the center of this growth, which explains why investors keep pushing up its theoretical value even when the company isn't actively seeking new funding.