Musk denies $800 billion SpaceX valuation reports

Musk denies 0 billion SpaceX valuation reports


Elon Musk attends the U.S.-Saudi Investment Forum in Washington, D.C., U.S., November 19, 2025.

Evelyn Hockstein | Reuters

Elon Musk on Saturday dismissed media reports that SpaceX is raising funds at an $800 billion valuation, calling them inaccurate.

“SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors,” Musk said in a post on X.



Source

CNBC Daily Open: Markets cheer as Trump and Tehran agree to 2-week ceasefire
World

CNBC Daily Open: Markets cheer as Trump and Tehran agree to 2-week ceasefire

WASHINGTON DC, UNITED STATES – APRIL 6: The United States President Donald Trump holds a Press Conference in the James S. Brady Press Briefing Room at the White House on April 6, 2026, in Washington DC, United States. Celal Gunes | Anadolu | Getty Images Hello, this is Dylan Butts writing to you from Singapore. […]

Read More
South Korea stocks lead gains in Asia as oil prices plunge after U.S.-Iran ceasefire deal
World

South Korea stocks lead gains in Asia as oil prices plunge after U.S.-Iran ceasefire deal

Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment | Getty Images Asia-Pacific markets rallied on Wednesday after U.S. President Donald Trump said he had agreed to suspend planned attacks on Iranian infrastructure for two weeks. The move was “subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, […]

Read More
U.S. oil price plunges below 0 after Iran agrees to safe passage through Strait of Hormuz during ceasefire
World

U.S. oil price plunges below $100 after Iran agrees to safe passage through Strait of Hormuz during ceasefire

U.S. crude oil prices plunged Tuesday evening, after President Donald Trump agreed to suspend attacks on Iran for two weeks in exchange for Tehran allowing safe passage through the Strait of Hormuz. The West Texas Intermediate contract for May delivery fell about 15% to $95.63 per barrel by 7:48 p.m. ET. Trump said the two-week […]

Read More