Elon Musk’s SpaceX Prepares for Tender Offer, Valuing Company at Over $250 Billion
Elon Musk’s SpaceX is preparing to launch a tender offer in December to sell existing shares at a price of US$135 per share, two sources familiar with the matter said.
The tender offer would value SpaceX at more than US$250 billion, according to the sources.
SpaceX’s Valuation and Future Plans
The valuation of SpaceX at over $250 billion is a significant milestone for the company, which has been making rapid progress in its mission to make humanity a multi-planetary species.
Musk’s dream of transporting humans to Mars could also become a bigger national priority under Trump, Reuters reported earlier this month.
NASA’s Artemis Programme and Mars Missions
NASA’s Artemis programme, which aims to use SpaceX’s Starship rocket to put humans on the Moon as a proving ground for later Mars missions, is expected to focus more on the Red Planet under Trump and target uncrewed missions there this decade.
Regulatory Environment and Worker Safety
Under Trump, SpaceX is also expected to push for even softer regulations on worker safety and safety of participants in private space flights in orbit.
A Reuters investigation last year documented at least 600 worker injuries at SpaceX facilities across the US, and how SpaceX disregarded safety regulations and standard practices.
Conclusion
The tender offer by SpaceX is a significant development in the company’s history, valuing it at over $250 billion. The company’s future plans, including its Mars missions and regulatory environment, are expected to be shaped by the new administration in Washington.
FAQs
Q: What is the price of the tender offer by SpaceX?
A: The tender offer is priced at US$135 per share.
Q: What is the valuation of SpaceX under the tender offer?
A: The valuation of SpaceX is over $250 billion.
Q: What are the implications of the tender offer for SpaceX’s future plans?
A: The tender offer is expected to shape SpaceX’s future plans, including its Mars missions and regulatory environment, under the new administration in Washington.
