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A potential increase in valuation may propel Elon Musk's SpaceX into the hundred-billion-dollar company club, with a prospective share sale worth $500 to $750 million, although details are still in the works and may change.
Discussions are underway, aiming for a tender offer valued between $500 million and $750 million, sources said, adding that the potential share price could be approximately $95 each.
SpaceX: Baron, who according to CNBC owns more than $1 billion worth of shares in the rocket company, said the company would be valued at about $250 billion to $300 billion over the next three years.
While talking to CNBC on Friday, Ron Baron said that SpaceX would be valued at about $250 billion to $300 billion over the next three years
A CNBC report in January noted that SpaceX was raising $750 million in a round of funding that valued it at $137 billion.