SpaceX Insider Shares Purchase Agreement

Investing.com reports that SpaceX and its investors have agreed to purchase up to $1.25 billion worth of insider shares, which values Elon Musk's rocket and satellite company at approximately $350 billion, according to an internal email reviewed by Bloomberg.

The agreed price of $185 per share represents a substantial increase from the $112 valuation set less than three months ago. SpaceX plans to buy back up to $500 million in common stock.

Musk commented on X, stating, "What’s really crazy about this is that almost no investors wanted to sell shares even at a $350B valuation!" He added that SpaceX reduced the amount of shares bought back from employees to allow new investors to join.

This impressive valuation solidifies SpaceX as the most valuable private startup globally, rivaling some of the largest publicly traded companies. It underscores the post-election surge across Musk’s ventures.

SpaceX has established itself as a leader in the aerospace sector, launching satellites, cargo, and crewed missions for NASA, the Department of Defense, and private clients. The company is also expanding its Starlink satellite network for global internet coverage.

Since the US election, Musk’s companies have witnessed substantial growth due to increased investor interest stemming from his ties with President-elect Donald Trump. Musk's personal fortune has soared to approximately $384 billion, according to the Bloomberg Billionaires Index.

The transaction, structured as a secondary or tender offer, enables employees and early shareholders of private firms like SpaceX to sell shares and access liquidity.