SpaceX Raises $1.25 Billion, Valuation Hits $350 Billion

SpaceX has launched a tender offer for up to $1.25 billion in new shares, pricing them at $185 each, which elevates the company's valuation to approximately $350 billion. This marks a significant increase from the previous valuation of $112 just three months ago. SpaceX plans to buy up to $500 million worth of its own common stock as part of this transaction, reflecting strong investor interest and demand. The deal not only secures SpaceX's position as the most valuable private startup globally but also underscores its growing influence in the space industry, including satellite launches and its expanding Starlink internet service. Elon Musk's wealth has surged to about $384 billion, partly due to the post-election gains affecting his businesses. The tender offer provides a liquidity opportunity for employees and early investors in the closely held company.