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SpaceX Insider Shares to Sell at $112 Each, Valuing Company Near $210 Billion
SpaceX has announced a new tender offer set to price insider shares at $112 each, a figure higher than anticipated, pushing the valuation of Elon Musk’s space and satellite enterprise close to $210 billion. This latest valuation comes after the company was valued at $180 billion in a December transaction.
This tender offer allows employees and insiders, such as investors, to sell shares, and it has been priced above the previously discussed $200 billion valuation due to significant demand from investors. This information has been confirmed by sources familiar with the situation who preferred to remain anonymous due to restrictions on public commentary.
The new estimated valuation sets a record for American private companies, although it still trails the $268 billion valuation of ByteDance Ltd., the parent company of TikTok. SpaceX's valuation places it on par with some of the world’s largest publicly traded firms by market capitalization.
The final terms of the offer are not yet set in stone, and the total size of the tender offer could shift based on interest levels from both sellers within the company and potential buyers. SpaceX representatives have yet to provide any official comments on the matter.
This development underscores the rising investor confidence in SpaceX’s future, reflecting the company’s significant commercial achievements and ambitious projects in the space sector.
