SpaceX prepping tender offer at record $210B valuation: report

News Snapshot:

Billionaire Elon Musk’s SpaceX is set to launch a tender offer that would reportedly value the space exploration firm at a whopping $210 billion — a record for a privately held US company. SpaceX will sell shares to employees and other insiders at $112, Bloomberg reported, citing people familiar with the matter. The round will boost the satellite-launching company’s valuation up from $180 billion. 3 SpaceX is set to draw a record valuation for a private US firm — a whopping $210 billion. REUTERS The projected valuation has surpassed initial expectations due to strong interest from investors, the report added....