Saudi Arabia's PIF in Talks with SpaceX for Potential $5 Billion Anchor Investment in IPO

Deep News04-03

According to two informed sources, SpaceX, led by Elon Musk, has entered discussions with Saudi Arabia's Public Investment Fund (PIF) regarding a potential anchor investment of approximately $5 billion in SpaceX's upcoming initial public offering (IPO). The sources indicated that this investment would, to some extent, protect PIF's existing stake of less than 1% in SpaceX from dilution. Three additional sources revealed that SpaceX has been actively seeking anchor investors well ahead of its official market debut. The company plans to raise a record-breaking $75 billion, a figure that would significantly surpass previous major IPOs such as Saudi Aramco in 2019 and Alibaba in 2014. The sources noted that SpaceX is currently gauging investor interest for this unprecedented transaction. All individuals spoke on condition of anonymity due to the confidential nature of the discussions. They also emphasized that no final decisions have been made and that any investment arrangements remain subject to change.

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