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SpaceX has held talks with Saudi fund for possible $5 billion investment in IPO: Reuters
- SpaceX has discussed with Saudi Arabia's Public Investment Fund the possibility of PIF investing about $5 billion as an anchor stake in SpaceX's IPO to reduce dilution of PIF's current stake of just under 1%.
- SpaceX aims to raise a record-breaking $75 billion in its IPO, which would surpass previous large IPOs like Saudi Aramco and Alibaba.
- No final decisions have been made on the investment, and SpaceX has not commented on these discussions, which remain confidential according to sources.
- PIF has previously invested $3 billion through its AI firm HUMAIN and has recently strengthened ties with Elon Musk's business ventures.
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Times of IndiaReposted by 
The Economic Times
The Economic TimesSpaceX has held talks with Saudi fund for possible $5 billion investment in IPO
Elon Musk's SpaceX has had discussions with Saudi Arabia's Public Investment Fund about PIF potentially taking an anchor stake of around $5 billion in the space company's IPO, according to two people familiar with the matter. The investment would partly prevent dilution of PIF's existing stake of just under 1% in SpaceX.
·India
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SpaceX in Talks With Saudi Arabia’s PIF for $5 Billion Anchor Investment, Company Aims for Record $75 Billion IPO at $1.75 Trillion Valuation
SpaceX in talks with Saudi PIF for $5 billion anchor investment as company aims for record $75 billion IPO at $1.75 trillion valuation, surpassing Saudi Aramco.
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Total News Sources12
Leaning Left0Leaning Right3Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
C 63%
R 37%
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