Cape Canaveral, Florida – Elon Musk is currently at the helm of the world’s most valuable carmaker and aerospace company. Recent reports suggest SpaceX, under Musk’s leadership, is now valued at a staggering $210 billion, solidifying its position as the most valuable aerospace company globally.

According to sources familiar with the matter, a report from Bloomberg News reveals that SpaceX is set to offer insider shares at $112 per share in a tender offer. This move is expected to boost the aerospace company’s value to $210 billion, reflecting strong investor demand for SpaceX’s innovative ventures.

Surpassing giants like GE Aerospace, SpaceX’s $210 billion valuation places it at the forefront of the aerospace industry. In comparison, other industry players like RTX, Boeing, and Lockheed Martin trail behind. Notably, SpaceX’s valuation even exceeds that of well-known companies like Disney and McDonald’s, both valued at $186 billion.

Beyond its valuation, SpaceX has also built a reputation as the world’s most experienced space enterprise in terms of the number of successful launches. With an impressive 360 launches under its belt, SpaceX has demonstrated its capabilities with the reliable Falcon 9 rocket, significantly surpassing the track record of other aerospace entities such as NASA’s Space Shuttle and ULA.

Despite being a relatively young player in the aerospace sector at just 22 years old, SpaceX’s meteoric rise to become the most valuable aerospace company is undeniable. The company’s trajectory mirrors that of Tesla, another Musk-led venture, which has become the world’s most valuable automaker with a market cap of $631 billion.

As SpaceX continues to redefine the aerospace industry with its technological innovations and successful missions, its ascent to the top spot in the sector signals a new era of space exploration and commercial viability. The company’s remarkable journey from a $100 billion valuation three years ago to its current standing as the leader in aerospace underscores Musk’s vision and leadership in pushing the boundaries of innovation.