SpaceX will sell insider shares at $97 per share in an insider stock transaction that would value the company at nearly $180 billion, according to people familiar with the matter. The news comes a week after reports that SpaceX has begun discussions about another round of internal stock sales that would value the company at $175 billion or more, surpassing the $150 billion it received in a round of internal stock sales this summer.
The insider sale price increased from the $95 per share discussed last week, people familiar with the matter said. Rising valuations indicate strong investor demand for a stake in the dominant space transportation company and its fast-growing space internet service, Starlink.
The terms and size of the internal stock transaction could change, people familiar with the matter said. Previously reported deal sizes ranged from $500 million to $750 million.