SpaceX in Talks on Share Sale Valuing Firm Around $255 Billion

SpaceX is in early discussions to sell insider shares that could boost the value of Elon Musk’s rocket and satellite company to around $255 billion, people familiar with the matter said.

That would be a premium to the company’s previous valuation of about $210 billion. It would also cement SpaceX’s status as the most valuable private US company.

SpaceX, formally known as Space Exploration Technologies Corp., declined to comment on the valuation.

The secondary, where employees and some early shareholders can sell shares, provides investors in privately held SpaceX a new way to profit off of Musk’s deep ties ...