SpaceX reportedly prepping tender offer at record $210B valuation
NY Post
Billionaire Elon Musk’s SpaceX is set to launch a tender offer that would reportedly value the space exploration firm at a whopping $210 billion — a record for a privately held US company.
SpaceX will sell shares to employees and other insiders at $112, Bloomberg reported, citing people familiar with the matter.
The round will boost the satellite-launching company’s valuation up from $180 billion.
The projected valuation has surpassed initial expectations due to strong interest from investors, the report added.
The tender offer’s terms have yet to be finalized and are subject to change.
The Post has reached out to SpaceX for comment.
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