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Deals Rumor Mill

SpaceX Seeks Astronomical $350B Value, And More Rumors

By Al Barbarino ( December 5, 2024, 5:22 PM EST) -- Elon Musk's SpaceX is in discussions to sell insider shares in a transaction that could value the rocket and spacecraft maker at about $350 billion, Bloomberg reported Monday, reflecting a major value boost that could be at least partially attributed to Musk's highly publicized buddy-buddy relationship with President-elect Donald Trump. Separately, the private equity owner of Crunch Fitness could sell the popular health club at a $1.5 billion valuation, and the management group looking to buy the Japanese owner of 7-Eleven may include an IPO to help pay for its nearly $60 billion offer.  ...

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