ELON Musk’s SpaceX has initiated discussions about selling existing shares at a price that could value the closely held company at roughly US$200 billion, according to sources familiar with the matter.
SpaceX is discussing a tender offer that may kick off in June, said some of the sources, who asked not to be identified because the information is confidential. The price for the upcoming tender offer has not been decided but SpaceX is weighing offering shares at US$108 to US$110 apiece, said one of the sources.
Terms are not finalised and the size of the tender offer could change depending on interest from both insider sellers and buyers.
A US$200 billion valuation would be a premium to the US$180 billion valuation the company obtained through its most recent tender offer. Already, SpaceX is on par with some of the world’s largest, publicly traded companies by market capitalisation.
Musk, as well as representatives for SpaceX, formally known as Space Exploration Technologies, did not immediately respond to requests for comment. BLOOMBERG
