SpaceX is on a trajectory to remain the most dominant player in space launches for years to come as it makes strides with its heavy-duty Starship rocket program.

Elon Musk's SpaceX is set to revolutionize global travel with its earth-to-earth spaceship, potentially allowing passengers to fly from Delhi to San Francisco in under an hour.

Elon Musk's SpaceX is preparing to launch a tender offer in December to sell existing shares at a price of $135 per share, two sources familiar with the matter said. The tender offer would value SpaceX at more than $250 billion,

Meanwhile, Musk’s artificial intelligence start-up xAI has raised $5bn at a valuation of $45bn, almost double its valuation a few months ago, according to the people. The fundraising has been carried out at breakneck speed as discussions between Musk and his investors began just last month.

SpaceX’s Starship rocket will be launched for a sixth test flight next week, the latest experiment by the Elon Musk-owned aerospace firm to create reusable spacecraft after a previous test resulted in a “seminal moment” for the company.

Key Takeaways Elon Musk's SpaceX reportedly plans to sell existing shares through a tender offer next month.The move to sell shares at a price of $135 each could value the company at more than $250 billion.

SpaceX, the aerospace company founded by Elon Musk , is preparing to launch a tender offer in December to sell existing shares at $135 each, according Reuters citing to two sources familiar with the matter.