SpaceX Weighs Tender Offer Raising Valuation to $350 Billion
Rocket company was valued at $210 billion earlier this year, but Musk’s businesses have gained since the US election.
According to people familiar with the matter, SpaceX is in talks to sell insider shares in a transaction that would value the rocket and satellite maker at about $350 billion. This massive jump highlights the post-election gains across Elon Musk’s business empire.
Bloomberg’s SpaceX valuation chart
That would be a significant premium to a previously mulled valuation of $255 billion as reported by Bloomberg News and other media outlets just last month. SpaceX was last valued at about $210 billion in a tender offer earlier this year.
The current conversations are ongoing and the details could change depending on interest from insider sellers and buyers, said the people, who asked not to be identified because they’re not authorized to speak publicly. The company, formally known as Space Exploration Technologies Corp., didn’t respond to a request for comment.
