Elon Musk’s SpaceX is reportedly in talks to sell existing shares, aiming for a valuation of around $200 billion, according to a Bloomberg report on May 23.
This new valuation would be higher than the $180 billion reached during SpaceX’s last share sale.
Bloomberg mentioned that the shares might be priced between $108 and $110 each.
Elon Musk tweeted that “SpaceX has no need for additional capital and will actually be buying back shares.”
SpaceX, known as one of the world’s most profitable startups, is using a common strategy where insiders or employees can sell their shares through tender offers, without needing to go public right away.
This method can strengthen the company’s finances before considering a public offering.
Reaching a $200 billion valuation would be a significant jump from the previous $180 billion. This would place SpaceX among the world’s largest companies by market value, reinforcing its leading role in the commercial space industry, according to Bloomberg.
(Source: Reuters)
