Reported 6 months ago
Elon Musk has refuted claims from a Bloomberg report suggesting that SpaceX might be in talks to sell existing shares, stating that the company does not need additional capital and plans to buy back shares. The report indicated that shares could be priced between $108 to $110, valuing SpaceX at over $200 billion. Musk also mentioned SpaceX's valuation doubling since 2021 and its various contracts with NASA and governments. Additionally, Musk's startup xAI is set to complete a funding round that could value the company at over $24 billion.
Source: YAHOO