All articles tagged with #insider shares
Originally Published 2 years ago — by Bloomberg
SpaceX plans to sell insider shares at $97 per share in a tender offer, increasing the value of the company to around $180 billion. The tender offer is expected to range from $500 million to $750 million.
Originally Published 2 years ago — by Yahoo Finance
SpaceX is reportedly in discussions to sell insider shares in a tender offer that values the company at $175 billion or more, making it one of the world's 75 biggest companies by market capitalization. The tender offer could range from $500 million to $750 million, with shares potentially offered at around $95 apiece. This valuation represents a premium to the $150 billion valuation obtained through a previous tender offer. SpaceX dominates the market for commercial space launch services and operates its Starlink internet-from-space service. The company is projected to generate revenues of about $9 billion this year, with sales expected to rise to around $15 billion in 2024. SpaceX is also considering an IPO for Starlink in late 2024.
Originally Published 2 years ago — by Reuters
SpaceX is offering to sell insider shares at a price that would value the company at around $150 billion, according to sources. The company was valued at $137 billion in January after raising $750 million in a funding round.