(Bloomberg) — SpaceX is in talks to sell insider stakes that could boost the value of Elon Musk’s rocket and satellite company to about $350 billion, according to people familiar with the matter.
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That would be a significant premium to the previously considered valuation of $255 billion, as reported last month by Bloomberg News and other media. It would also cement SpaceX’s status as the most valuable private startup in the world. SpaceX was last valued at about $210 billion in a tender offer earlier this year.
SpaceX, formally known as Space Exploration Technologies Corp., did not immediately respond to a request for comment.
Current discussions with SpaceX are ongoing and details of a potential transaction could change depending on interest from insider sellers and buyers, said the people, who asked not to be identified because they were not authorized to comment publicly. speak.
The so-called tender or secondary offering, which allows employees and some early shareholders to sell shares, gives investors in closely held SpaceX a way to generate liquidity amid increasingly close ties between Musk and newly elected President Donald Trump.
The potential rise in valuation underlines the huge gains Musk’s empire has made since the US presidential election. The shares of Tesla Inc. are up 42% since Nov. 5, while Musk’s net worth has risen to about $353 billion, according to the Bloomberg Billionaires Index
At approximately $350 billion, SpaceX would also be on par with some of the largest publicly traded companies in the world in terms of market capitalization.
(Updates with information about SpaceX’s previous valuation in second paragraph.)
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