US EditionSpaceX has held talks with Saudi fund for possible $5 billion investment in IPO: Reuters
The potential stake would help underpin demand as SpaceX lines up anchor investors for a record $75 billion offering, sources said.
- SpaceX is in discussions with Saudi Arabia's Public Investment Fund about a potential US$5 billion anchor stake in its upcoming IPO, according to two people familiar with the matter.
- The rocket maker aims to raise a record-breaking US$75 billion, which would dwarf previous mega-IPOs such as Saudi Aramco in 2019 and Alibaba in 2014.
- PIF, which already holds a stake of just under 1 per cent in the Starbase, Texas-based firm, seeks to prevent dilution through this investment while deepening ties with Musk via HUMAIN.
- Anchor investors like PIF typically commit to fixed stakes ahead of roadshows, signalling confidence and helping underpin demand. However, sources cautioned no final decision has been made and the investment remains subject to change.
- While SpaceX submitted confidential IPO paperwork with the SEC recently, it targets a market launch later this year, positioning itself around private market scarcity and long-term satellite infrastructure optionality.
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Times of India
The Economic TimesSpaceX has held talks with Saudi fund for possible $5 billion investment in IPO
Elon Musk's SpaceX has had discussions with Saudi Arabia's Public Investment Fund about PIF potentially taking an anchor stake of around $5 billion in the space company's IPO, according to two people familiar with the matter. The investment would partly prevent dilution of PIF's existing stake of just under 1% in SpaceX.
Saudi PIF weighs $5B anchor to preserve stake
The post Saudi PIF weighs $5B anchor to preserve stake appeared on BitcoinEthereumNews.com. Investors are closely watching the race to take Elon Musk’s space company public, with growing attention on the planned spacex ipo amid record-breaking fundraising ambitions. Saudi PIF weighs multibillion-dollar anchor role Elon Musk‘s aerospace venture SpaceX is moving toward a highly anticipated stock market listing as it negotiates an anchor investment…
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