SpaceX Reportedly Valued At Around $210 Billion In Planned Secondary Market Share Sale
Topline
Elon Musk’s SpaceX is readying an insider share sale in a tender offer that values the commercial rocket company at above $200 billion, Bloomberg reported late Wednesday, amid a string of successes in the past year, including multiple crewed launches and receiving the contract to bring down the soon to be decommissioned International Space Station.
A SpaceX Falcon Heavy rocket lifts off from Launch Complex 39A at NASA's Kennedy Space Center, Florida. AFP via Getty Images
Key Facts
Citing sources familiar with the matter, Bloomberg reported the planned tender offer values each of SpaceX’s shares at a “higher-than-expected” $112—slightly higher than the $108 to $110 price reported by the outlet last month.
The transaction would value the company at around $210 billion.
The size of the share sale has reportedly not been finalized yet and will likely be determined based on interest from both existing shareholders and outside buyers.
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News Peg
The purported valuation of $210 billion makes SpaceX the world’s second most valuable startup, as it closes its gap with TikTok’s Beijing-based parent company ByteDance. In December, ByteDance conducted a buyback of shares at a valuation of $268 billion.
Key Background
SpaceX’s most recent tender offer in December had shares priced at $97, valuing the company at $180 billion. In January last year, SpaceX raised $750 million in a funding round led by the venture capital firm Andreessen Horowitz, which valued the company at $137 billion.
Further Reading
SpaceX Tender Offer Said to Value Company at Record $210 Billion (Bloomberg)