In the cosmic ballet of aerospace innovation, SpaceX, the audacious brainchild of Elon Musk, is poised to orchestrate a celestial symphony of shares worth a staggering $200 billion. Born in 2002, this American aerospace maestro seeks to democratize space transportation and plant humanity’s flag on the red sands of Mars.
A Tapestry of Triumphs
SpaceX’s illustrious history is woven with triumphs that defy the laws of gravity. From launching a multitude of Starlink internet satellites, to crafting spacecraft like the Dragon cargo spacecraft, and ferrying humans to the International Space Station on the Dragon 2 spacecraft, this trailblazer has shattered records and rewritten the cosmic narrative.
It is the first private company to launch a spacecraft into orbit and bring it back to Earth, and the first to send a spacecraft and astronauts to the International Space Station. SpaceX has also achieved the impossible: the first vertical takeoff and landing of an orbital rocket, and the first to reuse an orbital rocket.
By March 2018, SpaceX had conducted over 100 launches, amassing a staggering $12 billion in revenue. Its contracts, a harmonious blend of commercial and governmental deals, have propelled it into the stratosphere of success.
A New Chapter: The Tender Offer
In a celestial twist, Bloomberg reports that SpaceX is now contemplating a tender offer, a celestial dance that could value the company at a breathtaking $200 billion. This tender offer, a transaction that invites employees and investors to sell their shares, may commence in June, according to sources.
While the tender offer’s purchase price remains a tantalizing mystery, SpaceX is reportedly considering offering shares in the range of $108 to $110 per share. The final terms, like the shifting sands of the Martian landscape, are yet to be solidified, and the size of the tender offer may morph depending on the whims of both sellers and buyers.
Musk, the maestro of this cosmic symphony, took to X (formerly Twitter) to announce, “We’re doing employee/investor liquidity events every ~6 months,” adding that SpaceX doesn’t require any additional capital and will be repurchasing shares.
A $200 billion market valuation would catapult SpaceX into the pantheon of the world’s largest publicly-traded companies, its market capitalization rivaling the likes of industry titans.
As we eagerly await the next act in this celestial opera, SpaceX, officially known as Space Exploration Technologies Corp., remains silent, its representatives yet to respond to Bloomberg’s inquiries.
