According to Bloomberg, an internal email suggests that SpaceX has achieved an agreement with its investors to buy up to $1.25 billion in insider shares, therefore valuing the private spaceship manufacturer at about $350 billion.
With SpaceX acquiring up to $500 million of its own stock included in the agreement, the business ranks as the most valuable private startup worldwide. Priced at $185 per share, the tender offer is far more than the valuation from SpaceX's past tender offer—$112 per share. Shares had been recommended at $125 as recently as November.
Following the election of President-elect Donald Trump, investor excitement has skyrocketed; Elon Musk's companies gain from what analysts have described as a "Trump bump." The Bloomberg Billionaires Index shows Musk's riches rising from $155 billion this year to $384 billion.
While Tesla (TSLA, Financial) shares have climbed more than 50% since Election Day, Musk's artificial intelligence endeavor, xAI, has attained a $50 billion valuation. TSLA stock has surged a whopping 75% during the past three months. These advances show Musk's growing impact on financial markets as well as technology.
