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SpaceX valued at $210 bln based on tender offer- Bloomberg

Source Investing

Investing.com-- Elon Musk’s SpaceX is valued at about $210 billion based on the value of insider shares being sold in a tender offer, Bloomberg reported on Thursday.

SpaceX will sell shares at $112 each in the tender offer, the Bloomberg report said, with the newer sales valuing the company much higher than a $180 billion valuation seen during a tender offer in December.

Bloomberg reports from a month ago had said that SpaceX was considering selling shares at a $200 billion valuation.

The firm, which was founded in 2002 by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, is one of the most prominent private manufacturers of spacecraft and satellites. It also offers satellite-based internet services through its Starlink subsidiary.

The firm also holds a slew of contracts from NASA to provide spacecraft and crew equipment for orbital missions and support for the International Space Station.

SpaceX is considered one of the most profitable start-ups in the world, although a bulk of its finances are not publicly available. Tender offers are a popular way for high-value private firms to raise capital.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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