SpaceX Tender Offer Said to Value Company at About $150 Billion

Elon Musk’s SpaceX is offering to sell insider shares at a price that would raise the closely held company’s valuation to about $150 billion, according to people familiar with the matter.

The most valuable US startup is initially pursuing a $750 million tender offer, said the people, who asked not to be identified because the information wasn’t public. SpaceX is offering shares at more than $80 apiece, they said.

WATCH: A SpaceX tender offer could value the company at $150 billion.

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A $150 billion valuation would compare with $137 billion reported in January when SpaceX raised $750 million from investors. SpaceX has around $5 billion of cash on its balance ...