A subsidiary of the PIF and an Abu Dhabi-based company are considering a multi-billion dollar financing round for SpaceX, owned by billionaire Elon Musk, according to sources.
The sources indicated that Badeel, the PIF’s subsidiary, and Alpha Dhab Holding plan to participate in the financing.
The report stated that the upcoming financing round is expected to raise SpaceX’s market value to $140 billion.
SpaceX is being funded by 80 investors, with Alfa Dhabi and International Holding Company being the most recent investors in the company.
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