SpaceX tender offer said to value Elon Musk’s company at record $285 billion

$Tesla(TSLA.US)$ $BYD COMPANY(01211.HK)$ $NIO Inc(NIO.US)$ $XPeng(XPEV.US)$ SpaceX will sell insider shares at US$112 apiece in a tender offer, a higher-than-expected price that boosts the value of Mr Elon Musk’s space and satellite company closer to US$210 billion (S$285 billion), according to people familiar with the matter. The company was last valued at US$180 billion in a transaction in December, Bloomberg News reported.
My Take: Elon Musk owned SpaceX and is the CEO of Tesla. It's no secret that Tesla used SpaceX state-of-the-art technology to reduce production cost which gives it an edge against its rivals. Someone is in delusion if he thinks SpaceX's valuation will not affect Tesla positively.

2. Tesla unveil next-gen Roadster - collaboration between Tesla and SpaceX

Source:

SpaceX tender offer said to value Elon Musk’s company at record $285 billion - Straits Times

$BYD COMPANY(01211.HK)$ $BYD Co.(BYDDF.US)$ $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Tesla(TSLA.US)$ $VOLKSWAGEN A G(VWAGY.US)$ $NIO Inc(NIO.US)$ $Li Auto(LI.US)$ $XPeng(XPEV.US)$ $General Motors(GM.US)$ $Ford Motor(F.US)$ $Rivian Automotive(RIVN.US)$ $MERCEDES-BENZ GROUP AG(MBGAF.US)$ $TOYOTA MOTOR CORP(TOYOF.US)$ $GEELY AUTO(00175.HK)$ $Stellantis NV(STLA.US)$

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ZnWC

I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.

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