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Reuters: Saudi Arabia and UAE Invest in SpaceX

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Reuters: Saudi Arabia and UAE Invest in SpaceX

Reuters News Agency: Saudi Arabia and the UAE are investing in SpaceX

Reuters News Agency, citing informed sources, has stated that a unit of Saudi Arabia’s sovereign wealth fund and a company based in Abu Dhabi are considering a multi-billion dollar investment in Elon Musk’s SpaceX company.

SpaceX operates in the aerospace industry.

According to this report, the investment by these two institutions will increase SpaceX’s market value to about 140 billion dollars.

In 2022, SpaceX raised 2 billion dollars, and in 2020, it raised 26 billion dollars.

According to this report, SpaceX and representatives from Morgan Stanley have informed investors that the Saudi Electricity and Water Holding Company, which is part of the country’s sovereign wealth fund, and the UAE’s Alpha Dhabi are involved in this company’s financing plan.

SpaceX, the Public Investment Fund of Saudi Arabia, and Alpha Dhabi have not commented on this report.

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