Elon Musk’s SpaceX has approached investors about another tender offer that would value the company at above $175 billion, Bloomberg reported Wednesday.
Tender volume could go up as it is not finalized that could value the firm even higher, the report added.
SpaceX’s current valuation of about $150 billion makes it one of the most valuable private companies in the world.
SpaceX founded by Elon Musk, has a current valuation of about $150 billion. AFP via Getty Images
Billionaire investor Ron Baron, who according to CNBC owns more than $1 billion worth of shares in the rocket company, last month said that SpaceX will be worth about $500 billion by 2030.
SpaceX did not immediately respond to a Reuters request for comment.
Musk speaks during a T-Mobile and SpaceX joint event in Texas in 2022. Getty Images
Musk in November had said that Starlink, SpaceX’s satellite internet unit, had achieved cash flow breakeven. Starlink is the world’s largest satellite company and boasts a network of about 5,000 low-Earth orbit satellites.
Source link: https://nypost.com/2023/12/06/business/spacex-approaches-investors-for-tender-offer-that-values-elon-musk-firm-at-175b-report/