Elon Musk's SpaceX is reportedly considering buying an insider stake that would value the rocket company at about $350 billion.
A tender offer, in which employees and early investors could sell their shares at a specific time and price, would see SpaceX's value rise rapidly.
Musk's company was valued at about $210 billion after a previous tender offer that closed in June.
The terms of the tender offer are fluid and subject to change based on participant interest. Bloomberg reportedsaid a person familiar with the matter.
SpaceX did not immediately respond to a request for comment.
If the $350 billion valuation is maintained, it would establish SpaceX as the world's most valuable private company.
SpaceX is the world's largest satellite company and operator of Starlink, a high-speed internet service designed to serve rural and remote areas lacking traditional infrastructure.
Musk's company also developed the Starship shuttle as part of the billionaire's plan to return astronauts to the moon and eventually Mars.
Musk has emerged as a major adviser and donor to President-elect Trump during his 2024 White House campaign. It is worth noting that President Trump attended the Starship test launch in Texas last month.
The budding relationship between Trump and Musk is widely seen as a bullish sign for the billionaire's businesses, including SpaceX, Tesla and artificial intelligence startup xAI.
President Trump has tapped Musk and Vivek Ramaswami to co-lead the so-called Department of Government Efficiency (DOGE), which is tasked with cutting the federal budget and unnecessary regulations.
