SpaceX has held talks with Saudi Arabia's Public Investment Fund regarding potentially taking an anchor stake of approximately $5 billion in the space and satellite company's planned initial public offering, Reuters reported Thursday, citing two people familiar with the matter.
The investment would help prevent dilution of the fund's existing stake of just below 1% in SpaceX, the news agency reported.
The company, headed by Tesla (TSLA) Chief Executive Elon Musk aims to raise $75 billion in the IPO, according to the report.
SpaceX and the Saudi fund didn't immediately respond to MT Newswires' requests for comment.
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