Recent media reports suggesting a certain aerospace company is seeking funds at an $800 billion valuation? That's not quite the full picture.

Here's what's actually happening: this firm has maintained positive cash flow for years now. They're not scrambling for capital. Instead, they run structured stock buyback programs - happens twice annually like clockwork.

Why? Simple. It's about giving their team and early backers a way to cash out without disrupting operations. Employees who've been there since the early days need liquidity options. Same goes for investors who've been patient through the growth phase.

Those valuation bumps everyone fixates on? They're really just snapshots from these internal transactions, not desperate fundraising rounds. Big difference between providing exit opportunities and needing fresh money to keep the lights on.