SpaceX is exploring a potential insider share sale that could elevate its valuation to $350 billion, a significant increase from a prior $255 billion estimate. The move would solidify SpaceX’s position as the world’s most valuable private startup. The company’s previous valuation was $210 billion in a tender offer earlier this year. The ongoing discussions involve employees and early shareholders selling shares, providing liquidity as SpaceX benefits from growing ties between Elon Musk and President-elect Donald Trump.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02SpaceX is exploring a potential insider share sale that could elevate its valuation
00:06to $350 billion, a significant increase from a prior $255 billion estimate.
00:12Move would solidify SpaceX's position as the world's most valuable private startup.
00:17Company's previous valuation stood at $210 billion in a tender offer earlier this year.
00:22The ongoing discussions involve employees and early shareholders selling shares,
00:26providing liquidity as SpaceX benefits from growing ties between Elon Musk
00:31and President-elect Donald Trump.
00:32For all things money, visit Benzinga.com slash GSTV.