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Published 11:17 IST, December 13th 2023

SpaceX value nears $180 billion in tender offer: Report

SpaceX, currently valued at about $150 billion, stands as the world's second-most valuable closely-held startup.

Reported by: Business Desk
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SpaceX
SpaceX | Image: Unsplash

Elon Musk's SpaceX is set to raise the price of insider shares to $97 apiece in an upcoming tender offer, marking an increase from the initially discussed $95 per share, according to sources familiar with the matter as per the media reports. 

The potential tender offer, ranging from $500 million to $750 million, is expected to elevate the space and satellite company's valuation closer to $180 billion. 

SpaceX, currently valued at about $150 billion, stands as the world's second-most valuable closely-held startup. As of now, there has been no response from SpaceX regarding these developments.

Recently, SpaceX has also announced a delay in the launch of the US military's X-37B robot spaceplane, which was originally scheduled for Wednesday. In a tweet on Tuesday, SpaceX stated, "We are standing down from tomorrow's Falcon Heavy launch of USSF-52 to perform additional system checkouts." 

The initial plan to send the spacecraft into orbit on Sunday was cancelled due to adverse weather conditions at the Cape.

(With Reuters inputs)

Updated 14:22 IST, December 13th 2023