Elon Musk’s SpaceX is reportedly in talks to sell insider shares, a move that could push the company’s valuation to an astonishing $350 billion. If successful, this would mark a significant jump from its previous estimated value of $255 billion and its earlier valuation of $210 billion in a tender offer this year. The potential boost would solidify SpaceX’s position as the world’s most valuable private startup, further cementing its dominance in the aerospace and satellite industries.
The proposed transaction, known as a secondary or tender offering, would allow employees and early shareholders to sell their stakes, providing a rare opportunity for liquidity in the privately held company.
Discussions are still ongoing, and the final valuation will depend on interest from potential buyers and sellers. While insiders have remained tight-lipped due to the confidential nature of the talks, the anticipated valuation leap reflects the remarkable momentum SpaceX has achieved in recent months.
SpaceX banking on Musk’s success
SpaceX’s soaring valuation mirrors the broader success of Elon Musk’s ventures. The billionaire’s wealth has surged to around $353 billion, buoyed by Tesla’s impressive 42 per cent stock rally since early November. With such substantial gains, Musk’s influence spans across industries, from electric vehicles to space exploration.
The potential valuation of $350 billion would put SpaceX on par with some of the largest publicly traded companies globally, underscoring its critical role in the private sector and its ambitious trajectory.
Liquidity opportunity for insiders
The tender offer provides a strategic avenue for SpaceX to retain its private status while giving employees and early backers a chance to cash in on their investments.
Content retrieved from: https://www.firstpost.com/tech/elon-musks-spacex-planning-to-sell-insider-shares-to-boost-value-to-350-billion-13841137.html.
