Bloomberg: "SpaceX Valued at 197 Trillion Won, Plans Tender Offer"

Offering a Price of $80 per Share

Elon Musk's space company SpaceX, where he serves as CEO of Tesla, is reportedly planning a stock buyback that values the company at $150 billion (approximately 197 trillion KRW), Bloomberg News reported on the 23rd (local time).

Bloomberg, citing sources, stated that SpaceX is currently pursuing a buyback worth $750 million (approximately 980 billion KRW), with an offer price exceeding $80 per share (about 105,000 KRW).

In January, SpaceX was valued at $137 billion (approximately 179 trillion KRW) when it raised $750 million from investors. This means the company's valuation has increased by about 10% in roughly five months.

A stock buyback refers to the public purchase of shares outside the stock market by pre-announcing the purchase period, price, and quantity to strengthen the company's management control or to prevent losing control to another company.

SpaceX has not commented on this matter.

[Image source=Yonhap News]

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