Elon Musk Denies $800 Billion SpaceX Fundraising, Remains Silent On IPO

Core Viewpoint - Elon Musk refuted claims that SpaceX is raising funds at an $800 billion valuation, stating that such reports are inaccurate [1] Group 1: Financial Performance - SpaceX has generated positive cash flow for several years and conducts stock buybacks biannually to allow employees and investors to sell shares instead of raising new capital [2] - The company's rising valuation is attributed to advancements in Starship and Starlink, as well as securing global direct-to-cell spectrum, which expands its market potential [2] Group 2: Business Developments - SpaceX filed a "STARLINK MOBILE" trademark in October, indicating potential plans for mobile network carrier operations [3] - Musk stated that with Starship, SpaceX is expected to carry approximately 99% of Earth's orbital payload mass once it begins frequent launches, even if competitors increase their launch rates [3] Group 3: IPO Plans - SpaceX, which has remained private for nearly 25 years, has indicated a potential IPO target for late 2026 [4] - Musk expressed interest in taking SpaceX public to provide Tesla supporters the opportunity to own shares of the company, despite acknowledging potential drawbacks [4]