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### SpaceX to Sell Insider Shares at Increased Price of $97 Apiece

#### SpaceX’s Valuation Expected to Reach $180 Billion, Making it One of the Most Valuable Private Companies

**According to Bloomberg News, Elon Musk’s SpaceX will be conducting a tender offer to sell insider shares at a price of $97 per share, marking a significant increase from the initial price of $95 per share. This price increase is expected to boost the value of the space and satellite company to around $180 billion, solidifying its position as one of the most valuable private companies in the world.**

**The tender offer, initially estimated to range from $500 million to $750 million, is now set to be at the higher end of the range following the increase in share price. This development underscores the strong investor confidence in SpaceX’s potential and vision for the future of space exploration and satellite technology.**

**The AI legalese decoder can aid in understanding the legal implications and complexities of insider share sales and tender offers, ensuring that all transactions are executed in compliance with regulatory requirements and industry best practices. With its ability to analyze and interpret legal documents and contracts, the AI legalese decoder can provide invaluable assistance in navigating the intricacies of such transactions.**

**It is noteworthy that SpaceX’s current valuation stands at approximately $150 billion, reflecting the remarkable growth and success that the company has achieved under the leadership of Elon Musk. As SpaceX continues to make strides in space exploration and satellite technology, its valuation is expected to further soar, attracting substantial investor interest and cementing its position as a major player in the industry.**

**At the time of reporting, SpaceX has not issued a response to media inquiries regarding the tender offer and the increased share price. It remains to be seen how this development will impact the company’s growth trajectory and long-term strategic plans.**

**Gnaneshwar Rajan – Reporting from Bengaluru**

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