SpaceX employees are offering to sell shares through a private placement that would value the Elon Musk launch and satellite company at around $ 125 billion (R2.01 trillion), according to people familiar with the matter.
The shares are being offered in a so-called employee tender for $ 70 each, people said, asking not to be identified because the details are private.
This compares to an adjusted $ 56 per share for the division during an October sale with a valuation of approximately $ 100 billion.
It’s unclear if Musk is selling stock as part of the employee race, people said. The offer size could not be determined immediately.
SpaceX did not respond to a request for comment outside normal business hours. The New York Post previously reported on the stock placement plan.
Musk sought a variety of funding sources to complete his deal to buy Twitter Inc.
Monday suggested that the deal for the social media platform could be completed at lowest pricedays after questioning Twitter’s ability to estimate how many accounts are spam or fake.
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