SpaceX plans share sale
It was reported that Elon Musk was in talks to sell shares that would increase SpaceX’s valuation to approximately $200 billion.
Elon Musk is considering putting SpaceX up for sale and is in talks to sell shares that would value the company at approximately $200 billion.
Sources who requested anonymity because the information is confidential said that SpaceX is discussing a tender offer that could start in June. The upcoming tender offer price has not yet been determined, but SpaceX is considering offering between $108 and $110 per share, one of the sources said.
A $200 billion valuation represents an increase over the $180 billion valuation the company achieved through its most recent tender offer. SpaceX is already on par with some of the world’s largest publicly traded companies in terms of market capitalization.
Sources also noted that the terms have not been finalized and the size of the tender offer may vary depending on the buyer’s conditions.
In a post published on X, Musk said, “We do liquidity rounds for employees and investors every 6 months,” referring to periodic tender offers.