Terms have not yet been finalized, and the size of the tender offer may vary depending on interest from both insider sellers and buyers.
 "Musk's SpaceX tender offer reportedly values ​​the company at a record $210 billion")
Photo: BloombergBloomberg
Katie Roof and Eric Johnson
SpaceX plans to sell insider shares in a tender offer for $112 a share, a higher-than-expected price and a deal that would value Elon Musk's space and satellite company at nearly $210 billion, according to people familiar with the matter.
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The company was valued at $180 billion in a transaction last December, according to Bloomberg News.
The world's second-most valuable startup has decided to price its current tender offer – a deal in which insiders such as employees and investors can sell shares – higher than the $200 billion valuation discussed last month, said the people, who declined to be identified as they were not authorized to speak publicly.
While the new valuation is a record for a private U.S. company, it's still lower than the $268 billion valuation of ByteDance, the parent company of social video app TikTok. SpaceX's market capitalization is already on par with some of the world's largest publicly traded companies.
Terms have not yet been finalized and the size of the tender offer may vary depending on interest from both insider buyers and sellers.
Representatives for SpaceX, whose official name is Space Exploration Technologies Corporation, did not immediately respond to a request for comment.
