SpaceX Plans $210 Billion Tender Offer, Setting Record for U.S. Private Companies
Elon Musk's company aims to sell insider shares at $112 each, driven by strong investor demand.
- The tender offer will value SpaceX at $210 billion, surpassing its previous $180 billion valuation.
- This valuation makes SpaceX the second most valuable private firm globally, after ByteDance.
- SpaceX recently secured an $843 million NASA contract to develop a deorbit vehicle for the ISS.
- Elon Musk stated that SpaceX does not need additional capital and will conduct liquidity rounds biannually.
- The terms of the tender offer are not finalized and may change based on interest from buyers and sellers.