Elon Musk's SpaceX plans to launch a tender offer in December to sell existing shares at $135 per share, according to two sources familiar with the matter. This move would value SpaceX at over $250 billion, the sources said.
SpaceX did not immediately respond to Reuters' request for comment.
Musk, currently the world's richest individual, is expected to wield considerable influence in Washington to secure favorable government policies for his companies, including SpaceX, following Donald Trump's re-election.
Musk's ambition to send humans to Mars could gain greater national prominence under Trump’s leadership, Reuters reported earlier this month. NASA's Artemis program, which aims to use SpaceX's Starship rocket to land humans on the moon as a precursor to Mars missions, is expected to shift its focus toward the Red Planet during Trump’s administration, with uncrewed missions potentially taking place this decade.
Additionally, SpaceX is anticipated to advocate for looser regulations on worker safety and private spaceflight participant safety during orbit missions.
A Reuters investigation last year uncovered at least 600 worker injuries at SpaceX facilities across the United States, highlighting instances where the company reportedly ignored safety regulations and standard practices.
The Financial Times first reported on these developments on Friday.
