SpaceX intends to conduct a new round of investments. The company is negotiating the sale of its shares to potential investors, based on the aerospace company’s valuation of $350 billion. This was reported by the Bloomberg news agency, citing its own informed sources.
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Bloomberg News and other media outlets previously wrote that Elon Musk-owned SpaceX plans to conduct a tender offering of shares based on the company’s market value of $255 billion. Increasing the company’s value to $350 billion is a significant increase, which will make SpaceX the most expensive private startup in the world . The aerospace company was last valued at $210 billion in a stock sale earlier this year. SpaceX officials have so far refrained from commenting on this issue.
It is worth noting that the terms of the sale of shares may change as negotiations with investors are still ongoing. The final price of the company’s securities will depend on the interest from potential buyers. The potential jump in SpaceX’s market value underscores the enormous gains Musk’s empire has made since last month’s US presidential election. According to Bloomberg Billionaires, shares of the billionaire’s Tesla have risen in price by 42% since November 5, while Musk’s personal fortune has increased to $353 billion.