Elon Musk Rejects Sky-High SpaceX Valuation Claims

Elon Musk, never one to shy away from setting the record straight, has once again taken to X (formerly Twitter) to publicly debunk some pretty eye-popping figures circulating about SpaceX's worth. It seems the rumor mill has been spinning wildly with numbers, leading Musk to step in and provide a much-needed dose of reality.

Reports, especially a recent one from Bloomberg hinting at a staggering $200 billion valuation linked to a potential tender offer, had caught considerable attention. And let's not forget the even more dramatic figure from an earlier Wall Street Journal report back in December, which suggested an $800 billion valuation if insiders were to sell shares. That's a huge difference, wouldn't you agree?

Musk's response was, as often is the case, swift and unequivocal. He didn't just 'suggest' the numbers were off; he outright called the $800 billion figure 'false,' stating that SpaceX's actual valuation is 'far lower.' While he didn't directly comment on the more recent $200 billion figure, his broader denial certainly casts a significant shadow over both. It strongly implies the current valuation is, indeed, considerably less than either of these widely reported sums.

For those of us tracking the space industry, these numbers are more than just financial speculation; they reflect the immense potential and ongoing ambitious projects at SpaceX. The company, let's be honest, is literally redefining space travel as we know it.

So, what's the more realistic picture? For context, the company's most recent tender offer, which took place back in January, actually pegged its valuation closer to a still-impressive, but more grounded, $180 billion. This figure comes from real market activity, not speculative reports, and represents a considerable amount of growth.

What makes SpaceX so valuable, anyway? Well, it's a dual-engine powerhouse. On one hand, you have Starlink, their rapidly expanding satellite internet service, which is working to bring connectivity to underserved areas globally. It's a massive undertaking with significant future revenue potential. On the other, there's the rocketry division, launching everything from crucial NASA missions and military payloads to commercial satellites, making space more accessible and, dare I say, affordable than ever before.

And let's not forget Starship. This isn't just another rocket; it's the colossal, next-generation vessel designed to take humanity to Mars and back to the Moon. Its successful development and deployment are absolutely crucial for the company's long-term trajectory and, naturally, its perceived value in the eyes of investors and the public alike.

So, while the rumor mill might be spinning with astronomical figures, it seems Elon Musk is keen to keep expectations grounded, at least for now. He's emphasizing that even a company reaching for the stars ultimately has a more down-to-earth valuation in the real world.