SpaceX tender offer (December 2024)

Summary

SpaceX is reported to have priced its December 2024 employee tender offer at $185 per share, implying a valuation of approximately $350B. The transaction is part of the company’s recurring employee liquidity program.

Why this is notable

SpaceX’s tender offers are among the most predictable in the private market. The recurring structure — reported to occur roughly twice a year — gives long-tenured employees a regular path to partial liquidity without an IPO and provides a useful pricing reference for the broader private market.