Saudi and UAE investors plan to invest in SpaceX – #Saudi #UAE #investors #plan #invest #SpaceX
March 22 (Reuters) – A unit of Saudi Arabia’s investment fund and Abu Dhabi-based company Elon Musk-led SpaceX billion is planning to invest in a round of financing. discussions.
The report added that about 140 rocket manufacturers of the financing round billion dollars is expected to be valued at
According to venture capital firm Space Capital, SpaceX by 2022 will be 2 billion dollars20202.6 billion in the year dollars collected.
Saudi Arabia’s Water and Electricity Holding Company, part of the country’s sovereign wealth fund and part of the United Arab Emirates’ Alpha-Dhabi financing round, told investors the company and Morgan Stanley representatives told investors.
SpaceX, Saudi Arabia’s Public Investment Fund and Alpha Dhabi did not immediately respond to Reuters’ request for comment.
Reporting by Akash Sriram in Bengaluru; Edited by Devika Syamnath
Our standards: Thomson Reuters Trust Principles.
2023-03-23 06:34:37
Source – reuters
Translation“24 HOURS”