Fortune By Gillian Tan, Katie Roof, and Bloomberg 5/17/2022
SpaceX employees are offering to sell shares via a private placement that would value Elon Musk’s launch and satellite company at around $125 billion, according to people familiar with the matter.
The shares are being offered in a so-called employee tender at $70 each, the people said, asking not to be identified because the details are private. That compares with a split-adjusted $56-a-share during a sale in October at a valuation of about $100 billion.
It’s unclear whether Musk is selling stock as part of the employee tender, the people said. The size of the offering couldn’t immediately be determined.
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https://fortune.com/2022/05/17/spacex-employees-selling-shares-125-billion-valuation-elon-musk/
