Friday, May 24, 2024

"Elon Musk denies report SpaceX may make tender offer with $200 billion valuation"

From MarketWatch, Last Updated: May 24, 2024 at 7:35 a.m. ET:

Elon Musk has dismissed a report that his privately held SpaceX aerospace company is considering selling existing shares.

A tender offer of those shares that would value the company at around $200 billion is being discussed and could possibly take place in June, Bloomberg reported late Thursday, citing sources. The offer would allow employees and investors to sell SpaceX shares at roughly $108 to $110 each, the sources said. Late last year, Bloomberg reported another tender offer that valued SpaceX at around $180 billion.

On his social-media platform X, Musk, the CEO and founder of SpaceX said early Friday that the company had “no need for additional capacity and will actually be buying back shares.” He said liquidity rounds for investors and employees are held around every six months....

....MUCH MORE, some interesting factoids on the company.