SpaceX employees are offering to sell shares via a private placement that would value Elon Musk’s launch and satellite company at around US$125-billion, according to people familiar with the matter.
The shares are being offered in a so-called employee tender at $70 each, the people said, asking not to be identified because the details are private. That compares to a split-adjusted $56/share during a sale in October at a valuation of about $100-billion.
It’s unclear whether Musk is selling stock as part of the employee tender, the people said. The size of the offering couldn’t immediately be determined. SpaceX didn’t respond to a request for comment outside regular business hours. The New York Post reported the share placement plan earlier.
Musk has been seeking a variety of funding sources to complete his agreement to purchase Twitter. On Monday he suggested the deal for the social media platform might be completed at a lower price, days after he questioned Twitter’s ability to estimate how many accounts are spam or fake. — Gillian Tan and Katie Roof, (c) 2022 Bloomberg LP