**SpaceX's Valuation Soars to $350 Billion Amid Insider Trading and Investor Demand**

**SpaceX, led by Elon Musk, solidifies its status as the world's most valuable private startup, attracting unprecedented investor interest even amid a substantial share buyback.**

Elon Musk’s SpaceX has achieved an impressive milestone, reaching a valuation of $350 billion following a newly announced insider share buyback and secondary offering. An internal memo, which was obtained by Bloomberg, revealed that SpaceX and its investors agreed to purchase up to $1.25 billion of shares at $185 each, a remarkable increase from the previous valuation of $112 just three months earlier.

Formally recognized as Space Exploration Technologies Corp., SpaceX is set to buy back $500 million of common stock, which presents an opportunity for employees and early shareholders to sell their shares. However, Musk noted in a post on X (formerly Twitter) that the demand for the shares was so strong that there were very few sellers at the $350 billion valuation. He mentioned, "Almost no investors wanted to sell shares even at a $350B valuation!" In light of this overwhelming demand, SpaceX reportedly reduced the volume of shares that it intended to buy back from its employees.

This remarkable demand cements SpaceX's status as the most valuable private startup globally, competing with several of the world's largest publicly traded companies. The insider share sale has also significantly elevated Musk's net worth, adding an estimated $50 billion and bringing his total to a staggering $439.2 billion, according to the Bloomberg Billionaires Index. This achievement makes Musk the first person to surpass the $400 billion milestone.

SpaceX has emerged as a key player in the aerospace sector, offering rocket launches for organizations such as NASA, the Pentagon, and various commercial partners. Additionally, its Starlink satellite network has transformed global internet access, further reinforcing the company’s standing as a leader in space technology.

The swift increase in valuation signals strong investor confidence in Musk's enterprises, particularly in the wake of the U.S. elections. Musk’s increasing connections with President-elect Donald Trump have engendered optimism among those aiming to take advantage of favorable policies that promote space exploration and innovation in the private sector.

By utilizing tender or secondary offerings like this one, SpaceX enables employees and early shareholders to achieve liquidity while still retaining private ownership. This transaction not only reflects SpaceX's remarkable growth but also sets the foundation for further expansion within the global space industry.