Saudi, UAE investors plan to invest in SpaceX - The Information

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A unit of Saudi Arabia's investment fund and an Abu Dhabi-based company are planning to invest in a multi-billion dollar funding round for Elon Musk-led SpaceX, The Information reported on Wednesday, citing people familiar with the discussions.

SpaceX raised $2 billion in 2022 and $2.6 billion in 2020, according to venture capital firm Space Capital.

The company and Morgan Stanley's representatives have told investors that Saudi Arabia's Water and Electricity Holding Company, part of the country's sovereign wealth fund, and United Arab Emirates' Alpha Dhabi are part of the funding round, according to the report. SpaceX, Saudi Arabia's Public Investment Fund and Alpha Dhabi did not immediately respond to a Reuters request for comment.

 

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So now he won't need all those US subsidies he's been getting to the tune of billions over the last 2 years

Trying to kill US within. What a clown this dude has become

Elon’s got a vision, the Western governments - not

World getting smaller

rumors to raise the value of elonmusk company

It’s time to investigate elonmusk as a security threat to the United States.

America First.. 🙄

Go hard to the right and the Saudis’ wallets open like magic

National fucking security issue much?👁☎️🐃💩😈

I'll say that's a safe investment

And just like that all criticism of Saudi Arabia and UAE disappeared from Twitter 🤐

🤷🏽‍♂️

Shocker

Reuters discrimination against black White House reporters is unacceptable.

Who needs Earth-bound investments when you can invest in SpaceX? 😎

What a lucky Man,money come Easy,quickly and in x amounts

Just like they invested in twitter

Elon musk is for sale. No ethics necessary... forget morals...

What about Putin?

WhiteHouse shouldn’t permit investments from Saudis in SpaceX w/ elonmusk. It’s a national security risk. cc: NASA

I want to invest in SpaceX

Invest in tesla

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