Big tech hub is bought in hopeful sign for South Bay office market The owner of Telsa tweeted about taking Tesla private at $420 a share, widely interpreted as a reference to April 20, a day of celebration for cannabis smokers. Musk’s decision to rename Twitter to X is also seen as a nod to his early payments startup X.com, a name that was lost when it merged with PayPal. SpaceX is looking to raise as much as $50 billion in the offering at a valuation of about $1.5 trillion, the FT reported, which would make it the largest IPO in history. SpaceX did not respond to the FT’s request for comment. SpaceX didn’t immediately reply to Bloomberg’s request for comment. –With assistance from Kate Duffy. More stories like this are available on bloomberg.com ©2026 Bloomberg L.P.