Proactive Investors - SpaceX is planning to sell shares in December that would value Elon Musk’s company at about $150 billion, the New York Post reported on Wednesday.
The valuation would be the same as the company’s July tender offer, which raised $750 million in cash, the media outlet noted.
A similar agreement in January also raised $750 million but at a $137 billion valuation.
SpaceX was valued at $125 billion in May 2022.
The proposed tender offer next month appears to confirm that Musk is not considering a near-term IPO for its Starlink unit, which provides high-speed internet almost anywhere on Earth, according to the New York Post.
A Starlink IPO was allegedly planned for as soon as late 2024, Bloomberg reported earlier, which Musk denied in a post on his X platform on November 15.
Starlink reported $1.4 billion in revenue and a loss for 2022.
"Excited to announce that Starlink has achieved breakeven cash flow," Musk wrote in an X post on November 2.
"Starlink is also now a majority of all active satellites and will have launched a majority of all satellites cumulatively from Earth by next year," he added.
Last year, Starlink had just over one million customers, which was a far cry from the 20 million predicted by the company in 2015.