Elon Musk’s aerospace manufacturer and space transportation company SpaceX is reportedly in the midst of talks to sell insider shares which could potentially catapult the firm’s valuation to approximately $350 billion, sources knowledgeable about the situation claim.
This figure marks a significant increase compared to last month’s anticipated valuation of $255 billion as per Bloomberg News and other media reports. The new valuation would further solidify SpaceX’s standing as the most highly-valued private startup globally, previously valued at around $210 billion in a tender offer conducted earlier this year.
The talks between the concerned parties are still ongoing and the specifics of any prospective transaction may be adjusted based on the interest level from insider sellers and investors.
The potential valuation boost sheds light on the considerable growth Musk’s ventures have witnessed since the US presidential election, with Tesla Inc.’s shares witnessing a 42% uptick since November 5.
Musk’s own fortune, meanwhile, has skyrocketed to roughly $353 billion, according to the Bloomberg Billionaires Index. With an estimated $350 billion valuation, SpaceX’s market capitalisation would be comparable to some of the largest publicly traded companies worldwide.
