SpaceX Valuation Soars to $350B in Tender Offer, Aiming to Be World's Most Valuable Startup

Dec 2, 2024, 11:56 PM

SpaceX, Elon Musk's rocket and satellite company, is reportedly in discussions to allow insiders to sell shares in a tender offer that could value the company at around $350 billion, a $100 billion increase from the $255 billion valuation considered just last month, according to Bloomberg. If realized, this would make SpaceX the most valuable startup in the world, surpassing Bytedance. The discussions come amidst a backdrop of record Falcon launches, Starship booster catches, and Starlink nearing 5 million users, contributing to the company's soaring valuation.