Elon Musk's SpaceX is preparing to launch a tender offer in December to sell shares at $135 per share, citing two sources familiar with the matter, Reuters reports, UNN writes.
Details
According to sources, the tender offer values SpaceX at more than $250 billion.
SpaceX did not immediately respond to Reuters' request for comment.
Musk, the richest man in the world, is expected to have significant influence in Washington to ensure that the government's attitude toward his companies, including SpaceX, is favorable after Donald Trump's victory for a second presidential term, the publication points out.
Musk's dream of bringing humans to Mars may also become a more important national priority under Trump, Reuters reported earlier this month.
NASA's Artemis program, which aims to use SpaceX's Starship rocket to bring humans to the moon as a testing ground for subsequent missions to Mars, is expected to focus on the Red Planet under Trump and aim for unmanned missions there this decade.
Under Trump, SpaceX is also expected to insist on even more lenient rules for employee safety and the safety of private spaceflight participants in orbit.
A Reuters investigation last year documented at least 600 injuries to workers at SpaceX facilities across the United States, as well as how SpaceX ignored safety rules and standard practices.
For reference
A tender offer is reportedly an offer made by an investor to the shareholders of a public company. The offer consists of a tender or sale of their shares at a certain price at a predetermined time.