SpaceX tender offer said to value company at record $210B
28/06/2024
Elon Musk's SpaceX (SPACE) has raised the pricing for its tender offer to $112 per share amid strong investor demand, valuing the company at nearly $210B, Bloomberg reported citing people familiar with the matter.
The earlier pricing that was discussed for the insider shares being offered would've valued SpaceX (SPACE) at around $200B.
The new $210B valuation would be a record for a U.S. private company and would make SpaceX (SPACE) the world's second most valuable startup, behind TikTok owner ByteDance (BDNCE), which has a $268B valuation.
To note, the terms of the tender offer have not been finalized yet, and its size could change depending on interest from buyers and insider sellers, according to the report.
