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Will SpaceX take funding from Saudi Arabia, UAE? Elon Musk has something to say | World News


Reuters | | Posted by Shobhit Gupta

Elon Musk, the billionaire founding father of SpaceX, on Friday denied a media report from earlier this week that stated buyers from Saudi Arabia and the United Arab Emirates have been planning to put money into a multi-billion greenback funding spherical within the firm.

SpaceX CEO Elon Musk.(AP)
SpaceX CEO Elon Musk.(AP)

A unit of Saudi Arabia’s funding fund and an Abu Dhabi-based firm are planning to put money into a multi-billion greenback funding spherical for SpaceX, the Data had reported on Wednesday, citing individuals acquainted with the discussions.

Musk tweeted “not true” responding to the report.

The funding spherical is predicted to worth the rocket maker at about $140 billion, the report added.

SpaceX raised $2 billion in 2022 and $2.6 billion in 2020, in accordance with enterprise capital agency Area Capital.



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