SpaceX Plans $135/Share Tender Offer, Valuing Company Over $250 Billion
Posted: Nov 16, 2024
- Elon Musk's SpaceX is preparing to launch a tender offer in December to sell existing shares at $135 per share
- The tender offer would value SpaceX at more than $250 billion
- Musk's influence in Washington may secure favorable treatment for SpaceX and his other companies
- SpaceX may prioritize missions to Mars and seek softer regulations under Trump's presidency
- SpaceX has faced worker safety concerns in the past, with at least 600 worker injuries documented at its facilities
- The Financial Times first reported on this development
What do people on Reddit think?
🚨 Reddit sentiment: mixed/positive - Many comments revolve around understanding the tender offer process and based on past experiences, many view this as a positive liquidity event for existing shareholders, although there's a barrier for new investors. Summarized comments: - A tender offer is a buyback mechanism allowing SpaceX existing shareholders to sell shares, unlike an IPO which involves new shares and public transition - SpaceX shares are not public; tender offer is for existing shareholders and private channels - SpaceX bought back shares every 3-6 months; hint at a repetition around December or January - Only existing or elite investors can participate in SpaceX share offers Stock tickers discussed: RKLB, LUNR, ASTS
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