SpaceX To Launch Tender Offer, Valuing Company At Over $250 Billion: Report

Quick Summary:

The NASA Artemis program, which intends to use SpaceX’s Starship for lunar missions as a precursor to Mars expeditions, is anticipated to shift focus towards Mars with uncrewed missions targeted this decade.

What Happened: SpaceX's tender offer will allow the sale of existing shares at $135 each, valuing the company at over $250 billion, as reported by Reuters.

SpaceX, under the leadership of Elon Musk, is reportedly preparing to initiate a tender offer next month.

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Article Details

Author / Journalist: Rounak Jain

Category: Technology

Markets: United States

Topics: Tech Mobility News Startups Elon Musk Benzinga SPACE SpaceX

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 03:20:26 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 345 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23608198

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