(Source – ET Telecom)
SpaceX, the pioneering aerospace manufacturer and space transportation company led by visionary entrepreneur Elon Musk, is reportedly considering a tender offer aimed at achieving a valuation of approximately $200 billion. Sources familiar with the matter revealed that discussions regarding this potential tender offer, which would enable employees and insiders to sell shares, are currently underway, with a prospective launch date set for June.
Deliberations on Share Sale Initiation
Insider sources suggest that SpaceX is contemplating a tender offer as a mechanism to facilitate the sale of existing shares, providing an avenue for employees and investors to monetize their holdings. While the exact details of the offer are yet to be finalized, preliminary discussions indicate that SpaceX is mulling over offering shares within the price range of $108 to $110 per share. These discussions are still in the nascent stages, with further developments expected in the coming months.
Flexibility in Deal Structure
The terms and scale of the potential tender offer remain subject to adjustments based on the level of interest from both potential sellers and buyers. SpaceX emphasizes its commitment to providing liquidity opportunities for its employees and investors, signaling a flexible approach in structuring the deal. Elon Musk, SpaceX’s CEO, has affirmed the company’s periodic liquidity rounds for stakeholders, clarifying that SpaceX presently has no immediate need for additional capital and intends to proceed with share repurchases.
Aim for Premium Valuation
A valuation of $200 billion would mark a notable premium compared to SpaceX’s previous valuation of $180 billion, achieved through its most recent tender offer. Despite operating as a privately held entity, SpaceX’s potential valuation would position it among the ranks of some of the world’s largest publicly traded companies in terms of market capitalization.
Awaiting Official Statements
Formal statements or responses from SpaceX, officially known as Space Exploration Technologies Corp., regarding the reported tender offer discussions are currently pending. While deliberations continue, the prospective tender offer underscores SpaceX’s commitment to providing liquidity avenues for its stakeholders, reinforcing its formidable valuation and prominent stature within the aerospace industry.
