Saudi, UAE investors plan to invest in SpaceX – The Information – Reuters
- Date: 23-Mar-2023
- Source: Reuters
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi, UAE investors plan to invest in SpaceX – The Information – Reuters
March 22 (Reuters) - 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.
The funding round is expected to value the rocket maker at about $140 billion, the report added.
SpaceX raised $2 billion in 2022 and $2.6 billion in 2020, according to venture capital firm Space Capital.
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