Musk clarifies the sale of shares at an $800 billion valuation: the company has maintained positive cash flow, and NASA orders account for only 5% of total revenue

In response to the previous news that "SpaceX plans to sell internal shares at an $800 billion valuation and aims 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 an $800 billion valuation, but this is not accurate. SpaceX has maintained positive cash flow for years, regularly repurchasing 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 assurance of global direct neighborhood spectrum, which greatly expands our addressable market.

There is one more thing that can be considered the most important: while 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 claim that SpaceX receives "subsidies" from NASA. This is completely false.

The SpaceX team won the NASA contract because we offered the best product at the lowest price. We have both the best product and can achieve this at the lowest price. Regarding astronaut transportation, SpaceX is currently the only option that meets NASA's safety standards."