SpaceX Tender Offer: New Tender Offer To Make Elon Musk’s Company Worth $250 bn - Details

SpaceX Tender Offer: SpaceX, the aerospace company founded by Elon Musk , is preparing to launch a tender offer in December to sell existing shares at $135 each, according Reuters citing to two sources familiar with the matter. The offer would value the company at over $250 billion, the sources said. SpaceX has not responded to a request for comment from Reuters. SpaceX to benefit under Trump 2.0Musk, the world’s richest individual, is expected to gain influence in Washington following Donald Trump’s return to the presidency, which could benefit SpaceX through favourable government policies. Musk’s long-term vision of human colonisation of Mars may align with Trump’s agenda, with increased focus on interplanetary missions. NASA’s Artemis programme, which uses SpaceX’s Starship rocket to prepare for future Mars missions, may see a shift towards prioritising uncrewed Mars missions within this decade under Trump’s administration. Additionally, SpaceX may advocate for less stringent regulations concerning worker and passenger safety in private space flights during Trump’s tenure. A Reuters investigation last year highlighted over 600 worker injuries at SpaceX facilities across the United States, raising concerns about the company’s adherence to safety protocols. Musk’s Mars aspirations and SpaceX’s role in the future of space exploration may become pivotal themes in the next phase of US space policy.Also Read: Musk, Ramaswamy Indicate Federal Government Job Cuts | Republic Business(With Reuters inputs)

Advertisement

SpaceX Tender Offer: New Tender Offer To Make Elon Musk’s Company Worth $250 bn - Details

In the tender offer, SpaceX is planning to sell existing shares at $135 each, according Reuters citing to two sources familiar with the matter.

Advertisement