SpaceX Pursues Insider Share Sale to Boost Valuation

Elon Musk's SpaceX is in discussions to sell insider shares, potentially increasing the company's valuation to approximately $350 billion, a significant rise from its previous $255 billion valuation. This increase would solidify SpaceX as the world's most valuable private startup, surpassing ByteDance, which is valued at $300 billion. The surge in valuation reflects a broader trend of rising stock prices for Musk's companies, with Tesla shares climbing 42% since November, enhancing Musk's net worth to around $353 billion. The proposed tender offer would allow early investors and employees to sell stakes, providing liquidity as the company continues to expand its impact in aerospace and satellite technology. SpaceX's advancements include the Starlink satellite internet service and the ambitious Starship program, reinforcing its pivotal role in space exploration. Musk has hinted that SpaceX could eventually join the ranks of trillion-dollar companies, aligning with his broader vision for the future of his ventures.