Elon Musk’s SpaceX reportedly plans to launch a tender offer next month that would sell existing shares at a price of $135 each, valuing the company at more than $250 billion.

The tender offer would value SpaceX at more than $250 billion, according to the report. SpaceX did not immediately respond to a Reuters request for comment. Musk, the world's richest person, is expected to wield significant influence in Washington to secure favorable government treatment for his companies,

AST SpaceMobile will use Blue Origin's New Glenn rocket to launch some of the satellites for its cellular broadband network in 2025 and 2026.

AST SpaceMobile Inc., which aims to challenge Elon Musk’s SpaceX in the nascent market for space-based cellular service to mobile phones, has signed contracts with SpaceX and Jeff Bezos-founded Blue Origin to launch dozens of its satellites into orbit.