Elon Musk’s SpaceX is reportedly preparing for an insider share sale in a tender offer that values the commercial rocket company at over $200 billion. With a planned valuation of $210 billion, the offer values each share at a higher-than-expected $112, just slightly higher than previously reported figures. The size of the share sale has not been finalized yet and will depend on interest from existing shareholders and outside buyers.
This latest valuation makes SpaceX the world’s second most valuable startup, closing in on ByteDance, the parent company of TikTok. SpaceX has been on a successful streak in the past year, with multiple crewed launches and recently securing the contract to bring down the soon-to-be-decommissioned International Space Station. In December, SpaceX conducted a tender offer with shares priced at $97, valuing the company at $180 billion. Last year, SpaceX raised $750 million in a funding round that valued the company at $137 billion.
Elon Musk has not commented on the latest tender offer report, but recent comments suggest SpaceX does not need additional capital and plans to buy back shares. The company reportedly conducts liquidity rounds for employees and investors approximately every six months. According to Forbes’ estimates, Musk’s net worth stands at $220.6 billion, making him the world’s richest person.
NASA recently announced that it has awarded SpaceX $843 million to build a “Deorbit Vehicle” to help bring down the International Space Station in 2030 after it is decommissioned. The vehicle will be designed to safely move the space station out of its orbit and bring it back into Earth’s atmosphere, where it is expected to destructively break up upon reentry. SpaceX’s continued success in securing contracts and investments underscores its position as a leader in the commercial space industry.
The upcoming insider share sale and high valuation of SpaceX highlight the company’s strong growth trajectory and investor confidence. With a record valuation of $210 billion, SpaceX is positioned as a key player in the space industry, rivaling other tech giants in terms of valuation. Musk’s ambitious vision for the future of space exploration and the company’s track record of successful launches and contracts continue to attract investment and solidify its position in the market.
