SpaceX Reportedly Weighing Plan to Sell Shares at $200 Billion Valuation, per Bloomberg

A $200 billion valuation would be a premium to the $180 billion valuation the company obtained through its most recent tender offer.

(Hawthorne, California) Elon Musk’s SpaceX has initiated discussions about selling existing shares via a potential tender offer that could value the company at roughly $200 billion according to people familiar with the matter, Bloomberg reported this evening.

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Photo of a SpaceX Falcon Heavy Demo Mission published on November 2, 2018 via Unsplash.

While the price for the would-be upcoming tender offer has not been decided, SpaceX is allegedly weighing offering shares at $108 - $110 a piece, per Bloomberg. A tender offer is a transaction that enables employees and insiders like investors to sell shares.

In a post this evening on X, Elon Musk said in a reply to a since-deleted post via his account @elonmusk: “SpaceX has no need for additional capital and will actually be buying back shares. We do liquidity rounds for employees and investors every ~6 months.”

Newsfeed: Monday, June 24, 2024