According to a Bloomberg News report, SpaceX is offering to sell insider shares at a price that lifts its valuation to around $150 billion. The tender offer is being made by SpaceX’s parent company, Hawthorne, California-based Space Exploration Technologies Corp., and is open to all SpaceX employees who hold unvested shares.
The offer price is set at $7.25 per share, which is a 33% premium to the closing price of SpaceX’s stock on Friday. The tender offer is seen as a way for SpaceX to raise cash to fund its ambitious plans for
the future.
The company is currently developing a new generation of reusable rockets, as well as a lunar lander that is scheduled to be used by NASA to send astronauts back to the moon in 2024. The $150 billion valuation would make SpaceX one of the most valuable private companies in the world.
It is currently valued at around $100 billion. The tender offer is expected to close on July 15.
- The offer is open to all SpaceX employees who hold unvested shares.
- The offer price is set at $7.25 per share.
- The offer is scheduled to close on July 15.
