{"id":31057,"date":"2026-06-04T06:39:32","date_gmt":"2026-06-04T06:39:32","guid":{"rendered":"https:\/\/microvibenews.com\/?p=31057"},"modified":"2026-06-04T06:39:32","modified_gmt":"2026-06-04T06:39:32","slug":"ewit-considers-tender-offer-to-cash-in-on-spacex-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=31057","title":{"rendered":"EWIT considers tender offer to cash in on SpaceX \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2024\/04\/Elon-Musk-new.png\" alt=\"Elon Musk\" class=\"wp-image-164147 lazyload\" style=\"width:840px;height:auto\"\/><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"794\" height=\"535\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2024\/04\/Elon-Musk-new.png\" alt=\"Elon Musk\" class=\"wp-image-164147 lazyload\" style=\"width:840px;height:auto\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2024\/04\/Elon-Musk-new.png 794w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2024\/04\/Elon-Musk-new-300x202.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2024\/04\/Elon-Musk-new-768x517.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2024\/04\/Elon-Musk-new-600x404.png 600w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><figcaption class=\"wp-element-caption\"><em>Elon Musk: set to become a trillionaire<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size wp-block-paragraph\">Edinburgh Worldwide Investment Trust, now under effective control of a New York hedge fund, is considering a tender offer for its shareholders to cash in on the forthcoming IPO of Elon Musk\u2019s SpaceX. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The board said it remains committed to providing shareholders with a \u201cliquidity opportunity\u201d and intends to pursue a tender offer as soon as reasonably practicable following a SpaceX IPO on Nasdaq expected this month.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">It has engaged with a number of shareholders regarding the implementation and sequencing of the board\u2019s priorities and initiatives.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The programme is focused on the execution of the mandate arising from the recent AGM and the future direction of the company.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">SpaceX has said it is even more valuable than anticipated as it approaches a public stock listing set for next week.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Analysts at Morningstar had questioned the valuartion and suggested it was probably worth half the $1.75trn that it seems destined to achieve.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">In a filing with the US Securities and Exchange Commission detailing its plans for the IPO, SpaceX said its shares should go for $135 (\u00a3100) each.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Setting an estimated price for its stock listing so far in advance is a rare move, and the amount represents a large increase in SpaceX\u2019s previous\u00a0valuation of $1.25tn\u00a0earlier this year.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">SpaceX, which builds rockets and owns the Starlink satellite system, is expected to start trading on the Nasdaq stock index on 12 June. The company is aiming to raise $75bn, the most ever for an IPO.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Should the company\u2019s shares sell at or above the expected $135 price, it will immediately become one of the most valuable companies in the world. Musk, who controls more than 80% of SpaceX with his own stock holdings in the firm,\u00a0would become a trillionaire.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">According to data from Dealogic, which conducts research on the capital markets, almost half of companies that have gone public in the last 30 years have seen their value decrease compared to when they listed.<\/p>\n<p><!-- Simple Share Buttons Adder (8.5.5) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#EWIT #considers #tender #offer #cash #SpaceX #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk: set to become a tri&hellip; <\/p>\n","protected":false},"author":1,"featured_media":31058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[266,161,9036,265,4373,18006,4375,1157,795,18033,18009,6846],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/31057"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31057"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/31057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/31058"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}