Reported 7 days ago
SpaceX is reportedly set to initiate a tender offer next month, allowing the sale of existing shares at $135 each, which will value the company at over $250 billion. This move comes as SpaceX continues to expand its influence in the space sector, notably through its Starlink satellite network, which connects over 4 million customers worldwide. Despite the rising valuation, CEO Elon Musk has dismissed the idea of an initial public offering, citing pressures faced by publicly listed companies.
Source: YAHOO