SpaceX is looking to raise caller superior by trading caller shares to insiders successful a woody that would boost its valuation to astir $400 billion, according to reporting from Bloomberg.
The company’s strategy is to raise money via a fundraising information and separately clasp a tender connection to let labor to waste immoderate of their shares to a prime group of investors, anonymous sources told Bloomberg. SpaceX typically holds tender offers doubly per year.
SpaceX’s valuation has steadily climbed since nan institution was founded much than 2 decades ago. The institution collapsed nan $100 cardinal valuation people successful October 2021 and doubled that fig conscionable 3 years later. This latest information would correspond a awesome jump from the $350 cardinal valuation group during nan tender connection held successful December 2024.
Discussions are still ongoing, and nan deal, including nan last price, could change.