Musk: SpaceX value not $800B, Starlink key
Elon Musk has publicly refuted recent media reports suggesting SpaceX is actively seeking an $800 billion valuation through a new share sale, clarifying that the company instead conducts periodic stock buybacks to provide liquidity for employees and early investors. He further emphasized that SpaceX secures NASA contracts based on merit and competitive pricing, with commercial Starlink operations, not NASA contracts, being the primary driver of the company's revenue.