Musk Clarifies SpaceX's Valuation and Revenue Sources

Derived from MarsBit, Elon Musk has clarified recent reports about SpaceX planning to raise funds at an $80 billion valuation, stating the claims are inaccurate. He emphasized that SpaceX has maintained positive cash flow for years, regularly repurchasing shares twice a year to provide liquidity for employees and investors. Musk attributed the valuation increase to progress in Starship and Starlink, as well as secured global spectrum rights. He also noted that NASA contracts will account for less than 5% of revenue next year, with commercial Starlink being the largest revenue contributor. Musk denied claims of NASA subsidies, stating that SpaceX won contracts by offering the best product at the lowest price.