AsianFin -- SpaceX is planning a new round of internal stock sales that could lift its valuation to around $400 billion, according to people familiar with the matter, marking a sharp increase in the company’s worth.

The shares are expected to be priced at $212 apiece in the upcoming tender offer—up significantly from the $185 per share price during its last transaction in December 2023, the sources said.

If completed, the deal would further cement SpaceX’s position as one of the world’s most valuable private companies, as it continues to expand its launch services, Starlink satellite business, and Starship development.