Elon Musk’s SpaceX valued at $175bn in tender offer

News Snapshot:

Elon Musk’s SpaceX has initiated discussions about selling insider shares at a price that values the closely held company at $175 billion (€163 billion) or more, according to people familiar with the matter. The most valuable US startup is discussing a tender offer that could range from $500 million to $750 million, said the sources, who asked not to be identified because the information is confidential. SpaceX is weighing offering shares at about $95 apiece, the people said. Terms and the size of the tender offer could change depending on interest from both insider sellers and buyers. A $175 billion...