(Bloomberg) — SpaceX is engaged in discussions regarding the sale of insider shares. These discussions have the potential to enhance the value of Elon Musk's rocket and satellite company to approximately $350 billion. People with knowledge of the matter have provided this information.

Unlock the Potential of SpaceX's Insider Share Sales

Insider Share Sales and Their Impact

SpaceX is currently in talks about selling insider shares. This move could bring significant changes to the company's valuation. Just last month, Bloomberg News and other media outlets reported a previously considered valuation of $255 billion. Now, with these potential insider share sales, the value is expected to reach around $350 billion. Such a premium indicates the growing importance and potential of SpaceX in the market.

These insider share sales also play a crucial role in providing liquidity to investors in the closely held SpaceX. As Musk's ties with President-elect Donald Trump deepen, this offers a way for them to cash in on their investments. It shows the evolving dynamics of the company and its position in the industry.

The potential valuation surge highlights the remarkable gains that Musk's empire has witnessed since the US presidential election. Tesla Inc.'s shares have seen a 42% increase since November 5th, and Musk's own wealth has soared to about $353 billion, according to the Bloomberg Billionaires Index. This demonstrates the positive impact of the election on SpaceX and its affiliated companies.

SpaceX's Valuation in Comparison

At around $350 billion, SpaceX would be on par with some of the world's largest publicly traded companies in terms of market capitalization. This places SpaceX in a league of its own and showcases its growing influence and significance in the global market.

Compared to its previous valuation of about $210 billion in a tender offer earlier this year, the potential increase is substantial. It reflects the market's confidence in SpaceX's future prospects and its ability to continue driving innovation in the space industry.

SpaceX, formally known as Space Exploration Technologies Corp., has been making significant strides in recent years. Its achievements in rocket technology and satellite deployment have earned it a reputation as a leader in the field. The potential valuation boost further solidifies its position as a key player in the space race.