Directors of SpaceX, Elon Musk’s rocket and satellite company - where Scottish Mortgage Investment Trust PLC (LSE:SMT) is a major shareholder, are reportedly offering to sell shares at a price that would give it a valuation close to US$140bn.
The shares are being offered at a price of US$77, sources told Bloomberg,
If sold at this price, it would lift the valuation of the unlisted company from the US$125bn valuation in May when it drummed up around US$1.5bn, up from a valuation last year of around US$100bn, according to PitchBook.
It was not reported if the company is seeking to raise capital or just that some directors are looking to sell their shares, and Musk has not responded to any tweets on the story.
Last month, Musk denied that the company would be valued at US$150bn as part of a fresh round of funding.
Bloomberg had reported that the company was "in talks to raise funds" at a valuation of more than US$150bn.
"False," said Musk on Twitter, a day after SpaceX won a US$1.2bn contract extension with NASA for further development of a lunar lander spaceship as part of the agency's ongoing Artemis programme.
The company is working on more than US$4bn of NASA contracts to develop lunar lander versions of its Starship vehicle and demonstrate them on the Artemis 3 and 4 missions.
As the world's richest man, Musk's net worth of US$168bn is partly dependent on his stake in SpaceX, which the Bloomberg Billionaires Index put at around US$47bn.