Space
SpaceX Weighs Tender Offer Raising Valuation to $350 Billion
- Rocket company was valued at $210 billion earlier this year
- Elon Musk’s businesses have gained since the US election
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SpaceX is in talks to sell insider shares in a transaction valuing the rocket and satellite maker at about $350 billion, according to people familiar with the matter, a massive jump highlighting the post-election gains across Elon Musk’s business empire.
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.