news
According to the report, SpaceX would be valued at over $250 billion in the tender offer.
According to sources familiar with the talks, the Financial Times said Friday that Elon Musk’s SpaceX is getting ready to issue a tender offer in December to sell off its current stock at a price of $135 per share.
According to the report, SpaceX would be valued at over $250 billion in the tender offer.
SpaceX did not immediately respond to Reuters’ request for comment.
Following Donald Trump’s election to a second term, Elon Musk, the richest person in the world, is anticipated to have considerable clout in Washington to obtain favourable government treatment for his businesses, including SpaceX.
According to a Reuters story earlier this month, Donald Trump may also make Elon Musk’s goal of sending people to Mars a higher national priority.
Under Donald Trump, NASA’s Artemis program is anticipated to concentrate more on the Red Planet and target uncrewed missions there this decade. The program’s goal is to land humans on the moon using SpaceX’s Starship rocket as a test run for future Mars missions.
SpaceX is also anticipated to advocate for even laxer rules pertaining to worker safety and the security of passengers on private space flights in orbit under Donald Trump.
At least 600 worker injuries occurred at SpaceX facilities throughout the United States, according to a Reuters investigation last year, which also revealed how SpaceX ignored safety rules and best practices.