SpaceX has included language in its investor documents suggesting Elon Musk might return to US politics, amid plans for a significant share sale valuing the company at around $400 billion. Musk, who previously advised President Trump and has a history of political involvement, recently indicated a busy work schedule and has a history of supporting Republican candidates. The mention of political risks in investor documents is a new development for SpaceX.
Gusto, a valued HR tech startup, is conducting a $200 million tender offer led by the Ontario Teachers’ Pension Plan, allowing employees to cash out shares and marking the company's ongoing growth amid a limited IPO market. The deal reflects Gusto's strong financial position, with over $500 million revenue in 2023, and its focus on expanding its HR services and product offerings.
SpaceX is reportedly in talks to conduct a tender offer that could value the company at approximately $350 billion, significantly higher than its previous valuation of $255 billion. This move would solidify SpaceX's position as the most valuable private startup globally. The tender offer would allow insiders to sell shares, providing liquidity to investors. The discussions are ongoing, and the final details may change based on interest from potential sellers and buyers.
SpaceX is reportedly in talks to sell insider shares, potentially raising its valuation to around $350 billion, significantly higher than the $255 billion valuation considered last month. This move would reinforce SpaceX's position as the most valuable private startup globally, following a previous valuation of $210 billion earlier this year.
SpaceX is considering a tender offer that could value the company at around $200 billion, higher than its previous $180 billion valuation. This move would allow insiders to sell shares without an IPO, and Elon Musk stated that SpaceX will be buying back shares, indicating no need for additional capital.
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.
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.
OpenAI's tender offer, led by Thrive Capital, is still on track and set to value the company at around $86 billion. The offer allows employees to sell their shares to outside investors, providing liquidity. The round had been extended to January 5, following a period of leadership turmoil and board reshuffling. Sam Altman's temporary ouster threatened the round, but his return cleared the way for it to proceed. Microsoft CEO Satya Nadella's announcement that Altman and OpenAI president Greg Brockman would lead a new AI lab under Microsoft caused uproar among investors and employees, leading to significant board turnover. Altman and Brockman have now officially returned to their previous roles, and a new board has been announced. Microsoft holds a 49% stake in OpenAI.
SpaceX is planning to launch a tender offer next month, valuing the company at around $150 billion, the same as its valuation in a July tender offer. This suggests that Elon Musk is not considering an IPO for its Starlink satellite division in the near future. Investors are uncertain about the direction of Starlink, which accounts for most of SpaceX's value, as it has struggled to meet profit goals despite significant growth. SpaceX's conservative approach to valuation aims to attract investors and avoid uncomfortable questions.
OpenAI is reportedly in talks for a deal that would value the company at $80 billion or more, nearly tripling its valuation in less than six months. The deal, led by venture firm Thrive Capital, would make OpenAI the most valuable start-up in San Francisco and one of the world's most valuable tech start-ups. OpenAI's employees would have the opportunity to sell their existing shares in the tender offer. The surge in valuation reflects the continued investor interest in AI start-ups and their potential to disrupt various industries with generative AI technologies.
Private equity firm Japan Industrial Partners (JIP) has announced that its $14 billion tender offer to take Toshiba private is set to succeed, marking Japan's biggest deal this year. The offer, which closed on Wednesday, signifies the end of Toshiba's 74-year history as a listed firm and puts the company in domestic hands. JIP expects at least two-thirds of shareholders to have tendered their shares, and the final results will be announced once finalized. With a two-thirds majority, JIP plans to squeeze out remaining shareholders and delist Toshiba shares as early as December.
OpenAI has completed a tender offer allowing some employees to cash out their holdings, with investors buying employee profit units at a price implying a $27bn valuation. The sale rewards some of the firm's 400 employees as demand for specialized AI talent increases.
Toshiba has accepted a $15 billion tender offer from Japan Industrial Partners, a buyout fund made up of major banks and companies, which would allow it to go private and delist from the Tokyo Stock Exchange. The move comes as part of Toshiba's yearslong turnaround effort, following a sprawling accounting scandal in 2015 and the bankruptcy of its US nuclear arm Westinghouse in 2017. However, it is unclear if overseas activist investors, who own a significant part of Toshiba's shares, will be happy with the latest bid. The proposal still needs to go through regulatory reviews in several countries.
