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SpaceX Tender Offer Is Said to Value Company at $140 Billion

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Elon Musk’s SpaceX is offering to sell insider shares at a price that would raise the closely held company’s valuation to about $140 billion, according to people familiar with the matter.

Space Exploration Technologies Corp., as the company is formally called, is offering the shares for $77 apiece, said the people, who asked not to be identified because the information wasn’t public. The $140 billion figure compares with a $127 billion valuation in July, according to data provider PitchBook.