02:30 PM EST, 12/03/2024 (MT Newswires) -- Space Exploration Technologies, or SpaceX, is in discussions to sell insider shares in a deal that could value the company at about $350 billion, Bloomberg reported Tuesday, citing people familiar with the matter.

The Elon Musk-led company was valued at nearly $210 billion in a tender offer earlier this year, according to the report.

The negotiations are ongoing and terms could change based on interest from insider sellers and buyers, the people reportedly said.

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

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