🚨 ELON JUST TORCHED THE “$800B SPACEX” AND “NASA SUBSIDY” NARRATIVES Elon doesn’t usually swat at rumors unless they risk hardening into market gospel. Reports claiming SpaceX is raising money at an $800 billion valuation? “Absolutely false,” Elon says. Here’s the clean version of what he actually confirmed - and what it means. 1. SpaceX isn’t raising. It’s buying. Elon says SpaceX has been cash-flow positive for years and runs twice-yearly stock buybacks to give insiders liquidity. That’s the opposite of a company desperate for new money - it’s a company trying to keep control while the valuation curve spikes. 2. The valuation jumps are hardware, not hype. SpaceX’s internal value rises on 3 levers: — Starship progress — Starlink expansion — Securing global direct-to-cell spectrum (the sleeper play that turns Starlink from broadband provider into planetary telecom backbone) He also hints at a 4th factor “arguably most significant by far,” which is Elon-speak for a revenue engine not yet public. 3. NASA? Great partner. Not the business model. Next year, Elon says NASA will account for less than 5% of SpaceX’s revenue... That alone rewires the entire Beltway narrative. Apparently in 2025, they’re a rounding error compared to commercial Starlink - which is now the company’s financial core....