Elon Musk’s SpaceX has initiated discussions about selling existing shares at a price that could value the closely held company at roughly $200 billion, according to people familiar with the matter. SpaceX is discussing a tender offer — a transaction that enables employees and insiders like investors to sell shares — that may kick off in June, said some of the people, who asked not to be identified because the information is confidential.
A $200 billion valuation would be a premium to the $180 billion valuation the company obtained through its most recent tender offer. Already, SpaceX is on par with some of the world’s largest, publicly traded companies by market capitalization. Representatives for SpaceX, formally known as Space Exploration Technologies Corp., didn’t immediately respond to requests for comment.
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