Overview

• SpaceX is reportedly in talks for a tender offer valuing the company at $350 billion, a $100 billion increase from last month’s estimate of $255 billion.
• The valuation would position SpaceX as the world’s most valuable private startup, overtaking ByteDance, which is valued at $300 billion.
• The tender offer would allow employees and early investors to sell shares, providing liquidity while keeping the company private.
• Key drivers of SpaceX's valuation include the growth of its Starlink satellite internet service, which now serves nearly 5 million users across 114 countries, and its dominance in rocket launches, completing over 130 missions in 2024.
• Elon Musk’s close ties with President-elect Donald Trump and his leadership in the Department of Government Efficiency could influence SpaceX’s regulatory and financial environment moving forward.