Elon Musk’s SpaceX poised to become the most valuable US start-up at US$125 billion with share sale in secondary market
- SpaceX has indicated to investors that it may offer new shares in a secondary offering later this year, which could value it more than fintech giant Stripe
- It is unknown whether Musk, who has signed a deal to acquire Twitter for US$44 billion, would be involved in the share sale
The shares, which are marketed at about US$72, jumped in valuation from last October, when SpaceX’s shares were sold at US$56 apiece after a 10-1 split and valued the rocket company at US$100 billion.
No new shares have been issued in the secondary offering, but the company indicated to investors that they may do so later this year, said one of the sources, who asked not to be identified.
The share sale could value SpaceX at over US$125 billion, surpassing fintech giant Stripe, which was valued at US$115 billion in a secondary sale.
It could not be learned how many shares have been made available for sale by the company. It is common for highly valued private companies to offer shares in the secondary market to introduce liquidity for early investors and employees.