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SpaceX may become most valuable startup after insider shares sale — Bloomberg

In November, SpaceX was valued at $210 billion

NEW YORK, December 3. /TASS/. The management of Elon Musk’s rocket and satellite company SpaceX is in discussions to sell insider shares that could boost the value of the company to around $350 billion, Bloomberg reported, citing sources. This could make the company the most valuable private startup in the world.

The so-called tender or secondary offering, through which employees and some early shareholders can sell shares, provides investors in the closely held SpaceX a way to generate liquidity, the agency explains.

In November, SpaceX was valued at $210 billion, but Elon Musk managed to increase the value of all his enterprises after Republican Donald Trump won the US presidential election, Bloomberg says.

Earlier, CEO of Russian space corporation Roscosmos, Yury Borisov, stated that Elon Musk would achieve better development of his space projects under Donald Trump as US President. In his opinion, the businessman would be able to "knock out better conditions from the [Trump] administration." At the same time, in the next decade, the emphasis will be on commercialization and the provision of a wide range of services.