Elon Musk denies report that Saudi Arabia, UAE intend to invest in SpaceX
An arm of Saudi Arabia’s Public Investment Fund and an Abu Dhabi-based company were reported to be looking to invest in Elon Musk’s SpaceX, according to The Information, which cited people familiar with investor discussions.
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DUBAI — Elon Musk, SpaceX's billionaire founder and CEO, denied on Friday the media reports from earlier this week that Saudi Arabia and the United Arab Emirates (UAE) intended to invest in a multibillion-dollar funding round in the company, according to Reuters.
An arm of Saudi Arabia’s Public Investment Fund (PIF) and an Abu Dhabi-based company were reportedly looking to invest in Elon Musk’s SpaceX, according to The Information on Wednesday, which cited people familiar with investor discussions.
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