SpaceX is being considered by investors from Saudi Arabia and the UAE


    March 22, 2012 (Reuters) – An Abu Dhabi-based company and a unit of Saudi Arabia’s investment bank are looking to invest in a multibillion-dollar funding round for Elon Musk’s SpaceX, The Information reported Wednesday, citing people who were familiar with the discussions.

    According to the report, the rocket maker is expected to be valued at around $140 billion in the funding round.

    SpaceX raised $2B in 2022 and $2.6B in 2020 according to Space Capital, a venture capital firm.

    According to the report, representatives of Morgan Stanley and the company told investors that the funding round included the Saudi Arabia’s Water and Electricity Holding Company and the United Arab Emirates’ Alpha Dhabi.

    Reuters reached out to SpaceX, Alpha Dhabi and Saudi Arabia’s Public Investment Fund for no immediate comment.

    Reporting by Akash Sriram, Bengaluru; Editing By Devika Syamnath

    Our Standards: The Thomson Reuters Trust Principles.

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