29 June, 2023 — SpaceX, led by Elon Musk, is reportedly conducting a tender offer to sell insider shares, aiming to raise the company’s valuation to approximately $150 billion.
The offer is initially set at $750 million, and shares are being offered at a price of over $80 per share. This valuation would surpass the $137 billion reported earlier this year when SpaceX raised $750 million from investors.
With around $5 billion in cash reserves, SpaceX is a dominant player in the commercial space launch market, serving private sector clients, government agencies like NASA, and conducting space tourism missions. The company recently launched over 50 satellites to expand its broadband internet coverage through the Starlink network.
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