03:44 PM EST, 11/15/2024 (MT Newswires) -- SpaceX is reportedly in early talks to let insiders sell their shares, which could increase the company's valuation to about $255 billion, Bloomberg News reported Friday, citing sources with knowledge of the matter.

The new valuation would surpass the previous estimate of around $210 billion, making SpaceX the most valuable private company in the United States.

Discussions are ongoing and details could change based on interest from insider sellers and buyers, the media outlet reported.

SpaceX did not immediately respond to a request for comment from MT Newswires.

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