Musk clarifies $800 billion valuation share sale: the company has consistently maintained positive cash flow, and NASA orders account for only 5% of total revenue.
ChainCatcher news: In response to the previous news that "SpaceX plans to sell internal shares at a valuation of 800 billions USD and plans to go public in the second half of next year," Musk clarified on the X platform, stating, "Many media outlets claim that @SpaceX plans to raise funds at a valuation of 800 billions USD, but this is not accurate. SpaceX has maintained positive cash flow for many years and regularly repurchases shares twice a year to provide liquidity for employees and investors. The increase in valuation is due to the progress of Starship and Starlink, as well as the guarantee of global direct-to-cell spectrum, which has greatly expanded our addressable market."
There is also something that can be said to be the most important: Although I really like @NASA, next year their (orders) will account for less than 5% of our revenue. Commercial Starlink is undoubtedly the largest contributor to our revenue. Some people claim that SpaceX receives "subsidies" from NASA. This is completely false.
The SpaceX team won NASA contracts because we offered the best product at the lowest price. We have the best product and can do it at the lowest price. Regarding astronaut transportation, SpaceX is currently the only option that meets NASA's safety standards."

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