Investors and SpaceX Reach Agreement on Buying Back of Insider Shares, Valuing Company at $350 Billion
SpaceX and its investors have reached an agreement to purchase up to $1.25 billion worth of insider shares, valuing the rocket and satellite company at approximately $350 billion. The agreed price of $185 per share is a significant increase from the $112 valuation set less than three months ago, according to an internal email reviewed by Bloomberg.
The transaction marks a substantial increase in the company’s value, solidifying SpaceX as the most valuable private startup globally, with a market cap rivaling some of the largest publicly traded companies. The deal also highlights the post-election surge in investor interest in Elon Musk’s ventures.
As a leading name in the aerospace sector, SpaceX has launched satellites, cargo, and crewed missions for NASA, the Department of Defense, and private clients. The company is also expanding its Starlink satellite network to provide global internet coverage.
Musk’s personal fortune has grown to $384 billion according to the Bloomberg Billionaires Index, driven by increasing investor interest in his ties with President-elect Donald Trump. The transaction offers employees and early shareholders of private firms like SpaceX the opportunity to sell shares and access liquidity.
The deal is structured as a secondary or tender offer, allowing investors to take advantage of the increased valuation. With this move, SpaceX is poised to continue making a significant impact in the aerospace industry, and its market value is expected to continue to grow.