Space
SpaceX Valuation Jumps to About $350 Billion in Insider Deal
- Tender offer includes $1.25 billion of stock at $185 a share
- Transaction makes SpaceX world’s most valuable private startup
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SpaceX and its investors have agreed to purchase as much as $1.25 billion of insider shares in a transaction valuing Elon Musk’s rocket and satellite maker at about $350 billion, according to an internal email seen by Bloomberg.
The per-share price of $185 is up substantially from the $112 set in a prior valuation less than three months ago, said the memo, which was separately confirmed by people familiar with the matter. SpaceX alone is offering to purchase as much as $500 million worth of common stock, it said.