SpaceX, Elon Musk's privately held aerospace company, is reportedly in discussions to conduct an insider share sale that could boost its valuation to approximately $350 billion. The move would cement SpaceX's position as the world's most valuable private startup and reflects growing confidence in its groundbreaking technologies.
The proposed valuation marks a significant increase from the $255 billion estimated during earlier discussions for a tender offer. The insider share sale, or tender offer, allows employees and early shareholders to sell their stakes, providing liquidity while offering new investors a chance to capitalize on SpaceX's success, according to Bloomberg.
SpaceX, known for its reusable Falcon 9 and Falcon Heavy rockets, has seen its valuation rise dramatically, from $36 billion in 2020 to $210 billion by mid-2023. This growth is underpinned by its profitability achieved in early 2023 and the success of its Starlink satellite internet network.
Sources suggest the tender offer could price shares at approximately $135 each, underscoring strong demand for SpaceX stock. If finalized, the $350 billion valuation would rival the market capitalizations of major publicly traded firms.
The company has not commented on the potential sale, and discussions remain ongoing. However, the valuation surge highlights the increasing financial strength of SpaceX as it continues to dominate the private aerospace sector.
