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Big Law

SpaceX Workers Look to Sell Shares at $125 Billion Valuation

SpaceX employees are offering to sell shares via a private placement that would value Elon Musk’s launch and satellite company at around $125 billion, according to people familiar with the matter.

The shares are being offered in a so-called employee tender at $70 each, the people said, asking not to be identified because the details are private. That compares with a split-adjusted $56-a-share during a sale in October at a valuation of about $100 billion.

It’s unclear whether Musk is selling stock as part of the employee tender, the people said. The size of the offering couldn’t immediately be determined.

Read the source article at Yahoo Finance

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