SpaceX Valuation May Hit $350 Billion in Share Sale

SpaceX, led by Elon Musk, is reportedly exploring a tender offer that could elevate its valuation to an unprecedented $350 billion, making it the world's most valuable private startup, surpassing ByteDance. This move, involving the sale of insider shares, signals increased investor confidence in SpaceX's projects, such as the Starship spacecraft and the Starlink satellite internet service. The valuation leap from a previous $210 billion highlights SpaceX's rapid growth and technological advancements, particularly in reusable rockets and satellite internet. Musk's relationship with President-elect Donald Trump, who has involved Musk in governmental efficiency projects, is seen as a positive influence on SpaceX's prospects. Despite its high valuation, the company must navigate regulatory challenges and continue expanding its revenue streams to justify its market standing.