Source: New York Post
Elon Musk’s SpaceX has reportedly held talks with Saudi Arabia’s Public Investment Fund about investing an additional $5 billion in the company’s IPO. The extra investment would help prevent any dilution of the sovereign wealth fund’s stake in SpaceX when the company goes public, Reuters reported on Thursday, citing sources familiar with the matter. SpaceX, known for its rocket launches and Starlink satellite internet service, is aiming to raise a record $75 billion when public trading begins.
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