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Key Takeaways
- Elon Musk’s SpaceX reportedly plans to sell existing shares through a tender offer next month.
- The move to sell shares at a price of $135 each could value the company at more than $250 billion.
- Musk’s net worth has jumped since Donald Trump’s reelection as president, amid speculation Musk’s ties to the president-elect could benefit his companies.
Elon Musk’s SpaceX reportedly plans to launch a tender offer next month that would sell existing shares at a price of $135 each.
The move would value the privately held rocket manufacturer at more than $250 billion, up from an estimated $210 billion earlier this year.
Musk, the richest person in the world as of Friday, has an estimated net worth in excess of $300 billion, according to Forbes and Bloomberg.
The Tesla CEO’s net worth has surged since Donald Trump’s reelection as president, as shares of Tesla (TSLA) climbed amid speculation Musk’s ties to the president-elect could benefit his companies.
Under a second Trump administration, Musk and SpaceX could get more attention from the National Aeronautics and Space Administration (NASA). The agency’s Artemis program plans to use SpaceX’s Starship rocket for human missions to the moon, and under Trump it’s expected to focus more heavily on missions to Mars, long a priority of Musk’s, Reuters reported.
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