People familiar with the matter revealed that Musk's SpaceX is discussing the sale of internal shares, and the valuation of the company may reach about 350 billion dollars.
This is much higher than the $255 billion valuation reported by the media last month. It will also solidify SpaceX's position as America's most valuable private company.
SpaceX has yet to respond to requests for comment.
People familiar with the matter, who requested anonymity because they were not authorized to comment publicly, said that discussions with SpaceX are still ongoing, and details of potential transactions may change according to the intentions of internal sellers and buyers.
The sharp rise in SpaceX's potential valuation highlights the huge benefits that Trump's election victory brought to Musk's business empire. Since November 5, Tesla's stock price has surged 42%. According to the Bloomberg Billionaires Index, Musk's own wealth has soared to around $353 billion.