Billionaire Elon Musk’s SpaceX is set to launch a tender offer that would reportedly value the space exploration firm at a whopping $210 billion — a record for a privately held US company.
SpaceX will sell shares to employees and other insiders at $112, Bloomberg reported, citing people familiar with the matter.
The round will boost the satellite-launching company’s valuation up from $180 billion.
The projected valuation has surpassed initial expectations due to strong interest from investors, the report added.