Musk denies rumors that SpaceX is aiming for an $800 billion valuation.

Huoxun Finance reported on December 7th that, according to Cailian Press, Elon Musk responded on social media to rumors that SpaceX, the leading commercial spaceflight company, was aiming for an $800 billion valuation and targeting an IPO next year. He stated that the reports of SpaceX raising funds at an $800 billion valuation were "inaccurate." He added that SpaceX has been a company with positive cash flow for many years and conducts two stock buybacks annually to provide liquidity for employees and investors. The company's valuation improvement depends on the progress of Starship and Starlink, as well as obtaining spectrum for global direct-connect mobile networks. However, Musk did not respond to the claim that SpaceX was aiming for an IPO next year.