SpaceX tender offer values the company at around $150 billion: Report

SpaceX valuation appears to be around $150 billion after the company offered to sell insider shares of the space company.

Per Bloomberg, SpaceX is pursuing a $750 million tender offer offering insider shares at more than $80 per share. This will be the second tender offering of 2023, with the first coming in January

This share price would indicate that the space company’s valuation rose again from $137 billion six months ago to $150 billion, an increase of $13 billion.

Per the same sources, the company currently has around $5 billion on its balance sheet, which does help increase the valuation.

Although this is the current offering, the size of the tender and the number of people involved may change over time. As well, there is no word on a timeline for the sale.

Although the valuation is relatively large, it does not come as a shock. SpaceX is the premier private space company with multiple NASA contracts and a thriving private launching business with numerous launch pads. However, the real value may come with Starship, which is the key to SpaceX’s plans over the next several years. If SpaceX can deliver on that project, the valuation may be through the moon.

SpaceX did not respond to requests for a comment on the potential tender offer.

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