Source – Reddit
SpaceX, the aerospace manufacturer and space transportation company led by Elon Musk, is reportedly exploring a tender offer that could value the company at around $200 billion. According to sources familiar with the matter, discussions about the potential tender offer, which would allow employees and insiders to sell shares, are underway, with a potential launch date in June.
Initiating Discussions on Share Sale
Sources indicate that SpaceX is contemplating a tender offer to facilitate the sale of existing shares, enabling employees and investors to monetize their holdings. The proposed offer, which is expected to commence in June, is still in the early stages of deliberation. While the exact price for the tender offer has not been finalized, discussions suggest that SpaceX is considering offering shares at a price range of $108 to $110 per share.
Flexibility in Deal Structure
The terms of the potential tender offer are yet to be finalized, and its scale may be subject to adjustments based on the level of interest from both potential sellers and buyers. SpaceX, however, remains flexible in its approach, emphasizing its commitment to providing liquidity opportunities for employees and investors. Elon Musk, the CEO of SpaceX, confirmed the company’s periodic liquidity rounds for employees and investors, underlining that SpaceX currently has no immediate need for additional capital and intends to repurchase shares.
Striving for a Premium Valuation
A valuation of $200 billion would represent a significant premium compared to SpaceX’s previous valuation of $180 billion, achieved through its most recent tender offer. Despite its status as a privately held company, SpaceX’s valuation would position it alongside some of the world’s largest publicly traded companies in terms of market capitalization.
Awaiting Official Statements
As of now, representatives for SpaceX, formally known as Space Exploration Technologies Corp., have not provided official comments or responses regarding the reported tender offer discussions.
While the discussions are ongoing, SpaceX’s potential tender offer underscores the company’s efforts to provide liquidity opportunities for stakeholders while affirming its robust valuation and standing in the aerospace industry.
