SpaceX plans to sell insider shares at $112 each in a tender offer, exceeding expectations and propelling Elon Musk’s space and satellite company toward a valuation nearing $210 billion, as reported by trusted insiders.
According to Bloomberg, the company’s last valuation in December 2023 was $180 billion, with shares priced at $97 each.
Due to substantial investor demand, the world’s second-most valuable startup opted to set its latest tender offer price above the $200 billion valuation, according to sources who requested anonymity because they are not authorized to speak publicly.
Elon Musk: SpaceX to Buy Back Shares, No Need for Additional Capital
Although Musk has not addressed the recent tender offer report, he previously stated on X last month that,
SpaceX has no need for additional capital and will actually be buying back shares.
Elon Musk
He also mentioned that the company conducts “liquidity rounds” for employees and investors approximately every six months.
Inside SpaceX: A Short Company Overview
SpaceX, founded in 2002 by Elon Musk, is an American company specializing in spacecraft manufacturing, launch services, and satellite communications. It aims to lower space transportation costs and establish a sustainable Mars colony.
SpaceX has achieved multiple historic firsts as a private company, including developing a liquid-propellant rocket that successfully reached orbit, launching and recovering an orbiting spacecraft, sending a spacecraft to the International Space Station, and transporting astronauts to the ISS.
NASA Taps Elon Musk’s SpaceX to Deorbit the International Space Station
NASA announced on Wednesday that it has awarded SpaceX $843 million to develop a “Deorbit Vehicle” aimed at safely deorbiting the International Space Station in 2030, following its decommissioning. The vehicle’s design will push the space station out of orbit and guide it into Earth’s atmosphere for controlled disintegration upon reentry.
