SpaceX, the aerospace company founded by Elon Musk , is preparing to launch a tender offer in December to sell existing shares at $135 each, according Reuters citing to two sources familiar with the matter.

Why It Matters: SpaceX’s valuation has seen a significant increase over the past year. In June, the company was reportedly set for a record $210 billion valuation in a tender offer, surpassing its previous $200 billion estimate. This was driven by substantial investor demand.

Elon Musk's SpaceX is preparing to launch a tender offer in December to sell existing shares at a price of $135 per share, two sources familiar with the matter said.

Elon Musk’s SpaceX reportedly plans to launch a tender offer next month that would sell existing shares at a price of $135 each, valuing the company at more than $250 billion.