SpaceX is in talks to sell insider shares in a transaction that will value the space company at $350 billion.
The tender, or what others in the business call a secondary offering, will allow SpaceX employees and some early shareholders to sell shares to create liquidity. According to a report from Bloomberg, the conversations around the potential tender offer are ongoing, and details could change before the final tender. It is unclear when the sale will occur, nor have the sources provided additional details.
If the tender valuation remains in place, SpaceX will have seen over a $140 billion increase in value since its last tender offer earlier this year. In fact, even in a month, SpaceX’s valuation would have increased by $95 billion, as a report in early November about another tender offer set the company’s valuation to be around $255 billion, or $135 per share.
Neither SpaceX nor CEO Elon Musk have confirmed or denied the report.
Many in the financial world were expecting a tender offer at some point as Musk’s companies were riding high with significant momentum after the US election. Musk’s only publicly traded company, Tesla, has seen a massive swing and has increased its share price by 40% since November 5.
With Musk’s prominent role in the Trump Administration and the expected softening of environmental and safety regulations, this might be the first of several tender offers for the world’s largest private space company.
