SpaceX will sell insider shares at $112 apiece in a tender offer, a higher-than-expected price that boosts the value of Elon Musk’s space and satellite company closer to $210 billion, according to people familiar with the matter. The company was last valued at $180 billion in a transaction in December, Bloomberg News reported.
The world’s second-most valuable startup decided to price its current tender offer — a transaction that enables employees and insiders like investors to sell shares — at higher than the $200-billion valuation that was discussed last month, due to significant investor demand, the people said, who declined to be identified as they’re not authorized to speak publicly.
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