Elon Musk’s space technology company, SpaceX, is gearing up to launch a tender offer next month, according to a report by the Financial Times. Reportedly, the tender offer will offer existing shares at a price of $135 per share.
Besides preparing a tender offer for SpaceX, Musk is also pitching his artificial startup xAI to investors. Reportedly, the startup recently attracted investments of $5 billion and is now valued at $45 billion.
If the report ends up being true, the tender offer would put $250 billion on SpaceX. The company was valued at $180 back in December 2023, being the second most valuable startup in the world.
The report goes against what Musk, who serves as the company’s CEO, said in the past.
Back in May, Bloomberg News reported that SpaceX plans to launch a tender offer at $108 to $110 per share in the summer. At the time, Musk responded that the report was false and that the company “has no need for additional capital and will actually be buying back shares.”
SpaceX was founded in 2002 with the intention to reduce the costs of space launches, offering commercial space flights, and eventually setting up a human colony on Mars. Since then, the company has made a number of successful launches and has collaborated with a number of space agencies, including NASA.