SpaceX, led by Elon Musk, is set to sell insider shares in a tender offer, potentially valuing the company at $210 billion.

This valuation would make SpaceX the world's second-highest-valued private company.

The move reflects strong confidence in SpaceX, which reported revenues of $8.7 billion in 2023 from rockets and Starlink satellites.

This valuation cements SpaceX's leadership in the aerospace industry, surpassing ByteDance and OpenAI to become the most valuable startup in the US.

SpaceX's valuation is now about a third of Tesla's worth.

The company also secured an $843 million NASA contract to build a Deorbit Vehicle for the International Space Station's scheduled deorbit by 2030.

Elon Musk is considering spinning off Starlink as a separate public entity.