Elon Musk's SpaceX tender offer is said to value company at $140 billion

Elon Musk’s SpaceX is offering to sell insider shares at a price that would raise the closely held company’s valuation to about $140 billion, according to people familiar with the matter.
 

Space Exploration Technologies Corp., as the company is formally called, is offering the shares for $77 apiece, said the people, who asked not to be identified because the information wasn’t public.

The $140 billion figure compares with a $127 billion valuation in July, according to data provider PitchBook.
 

In recent weeks, SpaceX had held conversations for a range of prices but ultimately settled on $140 billion for the