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Musk’s SpaceX Plans December Tender Offer At $135/Share, Valuing Company At $250B

Image: REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
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SpaceX, led by Elon Musk, is preparing to launch a tender offer in December, offering existing shares at a price of $135 each, according to a Financial Times report. This would place SpaceX’s valuation at more than $250 billion.

As the world’s richest individual, Musk is expected to leverage his influence in Washington to secure favorable government treatment for his companies, including SpaceX, following Donald Trump’s re-election. This shift could align Musk’s goals, such as the dream of transporting humans to Mars, with increased national support under Trump’s administration.

The NASA Artemis program, which involves SpaceX’s Starship rocket for moon missions, is expected to pivot its focus more towards Mars under Trump, with an emphasis on uncrewed missions in the coming decade.

Additionally, SpaceX is expected to advocate for looser regulations, particularly around worker and spaceflight safety. A Reuters investigation last year uncovered over 600 worker injuries at SpaceX facilities across the U.S. and raised concerns about the company’s adherence to safety standards.