SpaceX Tender Offer Said to Value Company at Record $210 Billion

SpaceX will sell insider shares at $112 apiece in a tender offer, a higher-than-expected price that boosts the value of Elon Musk’s space and satellite company closer to $210 billion, according to people familiar with the matter.

The company was last valued at $180 billion in a transaction in December, Bloomberg News reported.

The world’s second-most valuable startup decided to price its current tender offer — a transaction that enables employees and insiders like investors to sell shares — at higher than the $200 billion valuation that was discussed last month, due to significant investor demand, the people said, ...