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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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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.


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