SpaceX is in talks to sell an insider stake that could boost the value of Elon Musk’s rocket and satellite company to about $350 billion, according to people familiar with the matter.
That’s a significant premium over the previously considered valuation of $255 billion, which Bloomberg News and other media reported last month. It would also solidify SpaceX’s position as the world’s most valuable private startup. SpaceX was last valued at about $210 billion in a tender offer earlier this year.
SpaceX, officially known as Space Exploration Technologies Corp., did not immediately respond to a request for comment.
Talks with SpaceX are ongoing and details of a potential deal could change depending on interest from insider sellers and buyers, the people said, speaking on condition of anonymity because they were not authorized to speak publicly. spoke.
The so-called initial public offering, or secondary offering, in which employees and some early shareholders can sell stock, is a way to create liquidity for privately held SpaceX investors as the relationship between Mr. Musk and President-elect Donald Trump deepens. Provide.
The jump in potential valuations highlights the huge profits that Musk’s empire has seen since the US presidential election. Tesla shares have risen 42% since Nov. 5, and Mr. Musk’s own wealth has soared to about $353 billion, according to the Bloomberg Billionaires Index.
SpaceX’s market capitalization is about $350 billion, making it on par with some of the world’s largest publicly traded companies.
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