"SpaceX's Valuation Soars to $175 Billion, Surpassing Disney and Comcast"

SpaceX is reportedly in discussions to sell insider shares in a tender offer that values the company at $175 billion or more, making it one of the world's 75 biggest companies by market capitalization. The tender offer could range from $500 million to $750 million, with shares potentially offered at around $95 apiece. This valuation represents a premium to the $150 billion valuation obtained through a previous tender offer. SpaceX dominates the market for commercial space launch services and operates its Starlink internet-from-space service. The company is projected to generate revenues of about $9 billion this year, with sales expected to rise to around $15 billion in 2024. SpaceX is also considering an IPO for Starlink in late 2024.