SpaceX’s valuation is skyrocketing at a staggering rate, with reports indicating that the company is in discussions to sell insider shares at a price that could value it at approximately $350 billion, as Bloomberg revealed.

This would represent a significant jump from the $255 billion valuation that was circulating just last month, and a doubling since shares were sold at a $175 billion valuation back in December 2023.

SpaceX conducts tender offers on a regular basis, usually twice a year, giving employees the chance to sell some of their shares to a specific group of investors. According to sources cited by Bloomberg, talks are ongoing and the final price and details could still change. Nonetheless, if the deal goes through, SpaceX would become the most valuable venture-backed private company globally.

Requests for comment from SpaceX regarding this potential deal went unanswered.