SpaceX Value Jumps Closer to $180 Billion in Tender Offer

SpaceX will sell insider shares at $97 apiece in a tender offer, a price increase that boosts the value of Elon Musk’s space and satellite company closer to $180 billion, according to people familiar with the matter.

The world’s second-most valuable closely held startup has been discussing a tender offer that could range from $500 million to $750 million, Bloomberg News reported on Dec. 6.

The share price increased from the roughly $95 discussed last week, said the people, who asked not to be identified because the information is confidential. The rising valuation illustrates strong investor demand for a ...