According to a Bloomberg report, SpaceX has begun conversations about selling existing shares at a price that could value the company at roughly $200 billion.
The report says that Elon Musk’s SpaceX is discussing a tender offer. This is a deal that would let employees and insiders, such as investors sell shares. The tender offer may kick off in June, says Bloomberg.
While the price for the tender offer hasn’t been determined, the publications, citing sources, say SpaceX is considering offering shares at $108 to $110 apiece. However, they cautioned that terms aren’t concluded and the size of the tender offer could change depending on interest.
A valuation of $200 billion valuation would represent a premium to the $180 billion valuation the company gained via its most recent tender offer.
When it comes to market capitalization, SpaceX is said to already be at similar levels to some of the world’s largest publicly traded companies.