Space
SpaceX Tender Offer Said to Boost Value to $175 Billion-Plus
- Deal implies premium to $150 billion valuation this summer
- Terms, including size, not yet finalized and could change
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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 people familiar with the matter.
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.