Elon Musk's SpaceX Explores Insider Share Sale at $350 Billion Valuation

Dec 3, 2024, 04:20 AM

SpaceX, led by Elon Musk, is reportedly in discussions to facilitate a tender offer that could value the company at approximately $350 billion, a significant increase from the $255 billion valuation considered just last month. This potential deal involves selling insider shares, which would not only elevate SpaceX's status as the world's most valuable startup, surpassing Bytedance, but also exceed the combined market capitalization of aerospace giants Boeing and Airbus. The discussions are ongoing, with details potentially changing based on the interest from insider sellers and buyers. SpaceX's valuation reflects its recent successes including record Falcon launches, the Starship booster catch, and Starlink nearing 5 million users.