SpaceX Valued at $175 Billion or More in Tender Offer
The deal implies premium to $150 billion valuation this summer
Elon Musk’s SpaceX has initiated discussions about selling insider shares at a price that values the closely held company at $175 billion or more, according to Bloomberg
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Elon Musk’s SpaceX has initiated discussions about selling insider shares at a price that values the closely held company at $175 billion or more, according to Bloomberg#SpaceX #Elonmusk #ipo https://t.co/p1YYGPFflX
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Bloomberg news on SpaceX
The most valuable US startup is discussing a tender offer that could range from $500 million to $750 million, said some of the people, who asked not to be identified because the information is confidential. SpaceX is weighing offering shares at about $95 apiece, the people said.
Terms and the size of the tender offer could change depending on interest from both insider sellers and buyers.
A $175 billion valuation is a premium to the $150 billion valuation the company obtained through a tender offer this summer.
The increase would make SpaceX one of the world’s 75 biggest companies by market capitalization, on par with T-Mobile USA Inc. ($179 billion), Nike Inc. ($177 billion) and China Mobile ($176 billion), according to data compiled by Bloomberg.
Representatives for SpaceX, formally known as Space Exploration Technologies Corp., didn’t immediately respond to a request for comment.
