Elon Musk's SpaceX eyes record valuation of $200 Billion in new share sale talks
Bloomberg reported on May 23, citing sources familiar with the situation.Also Read | West Indies vs South Africa Highlights: West Indies beat South Africa by 28 runsThis new valuation surpasses the $180 billion figure reached during SpaceX's previous tender offer. Also Read | Faked Biden Robocall Results in Charges for Democratic OperativeThe Bloomberg report suggested that the shares could be priced between $108 and $110 each.
Also Read | NJ Governor Blasts Amtrak Over ‘Unmitigated Disaster’ in Rush Hour CommuteIn a post on X, Elon Musk stated, "SpaceX has no need for additional capital and will actually be buying back shares."Also Read | Ukraine Army Chief Says Russia’s Kharkiv Offensive Bogged DownSpaceX, one of the most profitable startups globally, employs a strategy that prominent private companies commonly use. Tender offers enable insiders or employees to sell their shares without the company having to pursue an initial public offering (IPO).Also Read | China, Japan and South Korea to Hold Their First Summit Since 2019This approach can further solidify the company’s financial position before it considers entering the public market.Also Read | Labour’s Starmer Pitches for Scottish Votes on Path to UK PowerIf SpaceX achieves a staggering $200 billion valuation, it would represent a remarkable surge from the $180 billion valuation it secured through its latest tender offer.
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