SpaceX, the private aerospace manufacturer and space transport services company founded by Elon Musk, is reportedly in talks to sell insider shares at a valuation of around $350 billion, according to a Bloomberg report. This staggering figure marks a significant increase from the $255 billion valuation that was circulating just last month, and a doubling since shares were sold at a $175 billion valuation in December 2023.

The company regularly holds tender offers, typically twice a year, to allow employees the opportunity to liquidate some of their shares to a select group of investors. These offers provide a unique chance for employees to cash in on their shares, but as TechCrunch reported earlier this year, they come with some significant fine print.

According to Bloomberg's sources familiar with the new offer, conversations are ongoing, and the details, including the final price, could still change. However, if the deal closes, it would make SpaceX the most valuable venture-backed private company in the world, surpassing other notable private companies in the tech industry.

The rapid growth in SpaceX's valuation can be attributed to its continued innovation and progress in the space technology sector. The company has been at the forefront of private space exploration, with notable achievements including the development of reusable rockets and a contract with NASA to transport astronauts to the International Space Station.

The potential $350 billion valuation also underscores the growing interest and investment in the private space industry. As more companies and governments invest in space technology, the sector is expected to continue its rapid growth, with SpaceX at the helm.

SpaceX did not respond to TechCrunch's request for comment on the reported valuation. However, the company's continued success and growth are a testament to its innovative approach and commitment to pushing the boundaries of space exploration.

The implications of SpaceX's soaring valuation are far-reaching, with potential consequences for the space industry, investors, and employees. As the company continues to grow and innovate, it will be interesting to see how this valuation impacts its future plans and ambitions.

In conclusion, SpaceX's reported $350 billion valuation is a significant milestone for the company and the private space industry as a whole. As the company continues to push the boundaries of space exploration and innovation, its growing valuation is a testament to its success and a promising sign for the future of space technology.