The world’s second-most valuable startup decided to price its current tender offer — a transaction that enables employees and insiders like investors to sell shares — at higher than the US$200 billion valuation that was discussed last month, due to significant investor demand, the people said, who declined to be identified as they’re not authorized to speak publicly.
SpaceX will sell insider shares at US$112 ($151.97) apiece in a tender offer, a higher-than-expected price that boosts the value of Elon Musk’s space and satellite company closer to US$210 billion, according to people familiar with the matter.
The company was last valued at US$180 billion in a transaction in December, Bloomberg News reported.
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