New updates have been reported about SpaceX (PC:SPXEX)
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SpaceX is reportedly in discussions to facilitate the sale of insider shares that could value the company at approximately $350 billion, according to Bloomberg. This potential valuation marks a significant leap from the $255 billion figure mentioned just last month and represents a doubling since the company last sold shares at a $175 billion valuation in December 2023. Such a valuation would position SpaceX as the most valuable venture-backed private company globally.
The company routinely conducts tender offers, typically twice a year, to provide employees with the opportunity to liquidate some of their shares to a select group of investors. While these offers present a lucrative opportunity for employees, they come with complex terms. Sources familiar with the current discussions indicate that the details, including the final valuation, are still under negotiation and could change. SpaceX has not commented on these developments. The outcome of these talks could have significant implications for SpaceX’s financial standing and strategic positioning in the aerospace sector.