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HomeTechMusk denies Saudi Arabia and UAE billion dollar investments in SpaceX

Musk denies Saudi Arabia and UAE billion dollar investments in SpaceX

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Musk denies Saudi Arabia and UAE billion dollar investments in SpaceX

Several major publications immediately wrote on the eve that SpaceX could receive billions of dollars from Saudi Arabia and the UAE. But Elon Musk promptly issued a rebuttal.

What is known

It was reported that a unit of the Saudi Arabian Investment Fund and an unnamed company from the UAE planned to invest several billion dollars in SpaceX, and negotiations have already begun. This would allow Elon Musk to increase the capitalization of his aerospace company to $140 billion.

However, the American billionaire himself quickly put an end to speculation. In response to the TESLARATI publication, the head of SpaceX succinctly wrote “not true.” So there will be no additional funding.

Source: @elonmusk





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