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.
