SpaceX, a leading rocket and satellite maker, has seen its valuation jump to approximately $350 billion after agreeing on an insider deal. The transaction involves the purchase of up to $1.25 billion worth of stock at $185 per share. This represents a significant increase from the $112 per-share price set in a prior valuation just three months ago. Additionally, SpaceX is offering to buy as much as $500 million of its own common stock as part of the deal. The agreement makes SpaceX the world’s most valuable private startup.
Source: https://www.bloomberg.com/news/articles/2024-12-10/spacex-share-sale-is-said-to-value-company-at-about-350-billion