SpaceX Tender Offer Said to Boost Value to $175 Billion-Plus (1)

Elon Musk’s SpaceX has initiated discussions about selling insider shares at a price that values the closely held company at $175 billion or more, according to people familiar with the matter.

The most valuable US startup is discussing a tender offer that could range from $500 million to $750 million, said some of the people, who asked not to be identified because the information is confidential. SpaceX is weighing offering shares at about $95 apiece, the people said.

Terms and the size of the tender offer could change depending on interest from both insider sellers and buyers.

A $175 ...