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Musk has just clarified something that has been circulating quite a bit on social media about SpaceX. It turns out that the reports about an $80 billion funding round are not accurate, according to him. The interesting thing is that the company doesn't even need to be desperate for money, as it has maintained positive cash flow for years.
What catches the eye is how Musk explains the increase in valuation. It's not just because of capital injections, but mainly due to the real progress they've achieved with Starship and Starlink, as well as the global spectrum rights they've secured. That is quite different from what many people thought.
Now, regarding SpaceX's revenue, this is where it gets interesting. Musk made it clear that NASA contracts will account for less than 5% of revenue next year. That surprises many who believed NASA was the goose that laid the golden eggs. It turns out that commercial Starlink is the true driver of SpaceX's income sources at this moment.
He also categorically denied rumors about NASA subsidies. According to Musk, SpaceX won those contracts simply because they offered the best product at the lowest price, without needing favors. It's the kind of response you'd expect from someone who has built an empire based on efficiency and innovation.