Elon Musk has denied a report that the privately held aerospace company SpaceX is thinking about selling shares.
Bloomberg reported late Thursday that sources said there might be a tender offer for those shares in June. If successful, it would value the company at around $200 billion. Sources say that the offer would let employees and investors sell SpaceX shares for about $108 to $110 each. Bloomberg reported at the end of last year that SpaceX was the subject of another tender offer worth about $180 billion.
Musk, the CEO and founder of SpaceX, said on the social media site X that the company “either doesn’t need more capacity or will be buying back shares.” He said that investors and employees can get cash rounds about every six months.
SpaceX hasn’t answered yet when asked for a comment on this story.
Google, owned by Alphabet, 1.04% Along with Ron Baron, a billionaire investor, Google and the fund manager Fidelity are investors in SpaceX.
Destiny Tech100 Inc. DXYZ, 7.65%, a fairly new publicly traded fund, also lets individual investors put their money into private tech companies like SpaceX.
The Private Shares Fund, which was set up in 2014, also gives investors access to private space companies. One-twelfth of the portfolio is made up of aircraft.
“The space economy is one of our big verticals,” said Christian Munafo, chief investment officer at Liberty Street Advisors, earlier this week. Liberty Street Advisors is the fund’s advisor. Musk said that some of the companies in the portfolio are SpaceX, Axiom Space, Relativity Space, Voyager Space, and Xplore.
Early this year, Vijay Marolia, chief investment officer at Regal Point Capital and a money manager, said that SpaceX might start the IPO process in 2025 or 2026. Crown Point owns shares in SpaceX through Baron’s Focused Growth Fund.
In April, the aerospace company launched 23 Starlink satellites from Florida on a Falcon 9 rocket, which was a big step forward for reusable rockets. Late last year, there was a lot of talk about Starlink going public. Starlink provides cheap internet in remote areas. But Elon Musk said no to an IPO.
Forbes thinks that SpaceX made about $9 billion last year from its rocket launches and Starlink, which connects remote areas to the internet for a low cost.
NASA astronauts were sent into space on the SpaceX Demo-2 test flight from Kennedy Space Center in May 2020. This was the first time a test flight like this had ever been done before. It had people on board and was the first launch from U.S. soil since STS-135 in 2011, which was the last mission of the space shuttle.
NASA sent Crew-8 to the International Space Station on March 3, 2024. This was SpaceX’s ninth flight with astronauts, which included Demo-2. The Crew-9 mission is not set to happen before August, according to NASA.
This week, NASA announced that the historic first crewed launch of Boeing Co.’s BA, 1.10% Starliner spacecraft has been pushed back from May 25 to a later date. This is the latest delay for the important mission.
SpaceX launched the third test flight of its huge Starship and Super Heavy rocket without any people on board in March. Starship is the biggest rocket that has ever been made. It has more than twice as much thrust as the Saturn V rockets that sent people to the moon. Starship and the Super Heavy Rocket are 396 feet tall when put together. That’s more than the Statue of Liberty and the Saturn V put together.
Musk said in a late Thursday post on X that the next Starship flight test will happen in about 10 days.
