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- Elon Musk’s SpaceX (SPACE) has raised the pricing for its tender offer to $112 per share amid strong investor demand, valuing the company at nearly $210B, Bloomberg reported citing people familiar with the matter.
- The earlier pricing that was discussed for the insider shares being offered would’ve valued SpaceX (SPACE) at around $200B.
- The new $210B valuation would be a record for a U.S. private company and would make SpaceX (SPACE) the world’s second most valuable startup, behind TikTok owner ByteDance (BDNCE), which has a $268B valuation.
- To note, the terms of the tender offer have not been finalized yet, and its size could change depending on interest from buyers and insider sellers, according to the report.