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SpaceX evaluates tender offer with a valuation of US$200 billion, reports Bloomberg News
(Reuters) -Elon Musk’s SpaceX has begun discussions about selling existing shares in a deal that could value the company at about $200 billion, Bloomberg News reported on Thursday, citing people familiar with the matter.
The valuation would be higher than the $180 billion achieved in its previous public offering, the report said, adding that the shares could be sold at a price ranging between $108 and $110.
SpaceX did not immediately respond to a Reuters request for comment.
“SpaceX does not need additional capital and in fact will repurchase shares,” Musk said in an X post.
One of the world’s most profitable startups, SpaceX is employing a tactic common among high-profile private companies.
Public offerings allow insiders or employees to sell their shares without the company having to file for an initial public offering.
They can allow the company to further strengthen its finances before deciding to test its fortunes in the public markets.
(Reporting by Niket Nishant in Bengaluru; additional reporting by Maria Ponnezhath; editing by Arun Koyyur)