Elon Musk's SpaceX Valued at $175 Billion or More in Tender Offer

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Editors Desk Source: Bloomberg

Dec 07, 2023

SpaceX's giant Starship vehicle launches on its second-ever test flight on Nov. 18, 2023. (Image credit: Future/Josh Dinner)

Deal implies premium to $150 billion valuation this summer

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.

Terms and the size of the tender offer could change depending on interest from both insider sellers and buyers.

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