SpaceX’s Value Jumps Closer to $180 Billion in Tender Offer – Bloomberg News

Bloomberg News reported on Tuesday, citing people familiar with the situation, that Elon Musk’s SpaceX will sell insider shares at $97 apiece in a tender offer.

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This price rise brings the worth of the space and satellite company closer to $180 billion.

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The rocket company is among the most valuable private companies in the world, with a current valuation of over $150 billion.

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Tender offers such as this one are used by closely held companies to allow their employees to realise the full value of their assets prior to an IPO.

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With the Falcon 9, SpaceX reportedly has a de facto stranglehold on the commercial launch business, according to analysts.

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According to SpaceX, Starlink has more than 2 million active users this year.

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