Sources: SpaceX in Talks with Saudi Fund for Potential $5 Billion IPO Investment

SpaceX is exploring interest from potential anchor investors, with the upcoming IPO poised to raise up to $75 billion, potentially surpassing previous records. According to insiders, discussions are underway between Elon Musk's SpaceX and Saudi Arabia's Public Investment Fund (PIF) regarding a possible $5 billion stake in the IPO to mitigate dilution of PIF's current stake of just under 1%. The rocket manufacturer has been actively seeking anchor investors in preparation for its public offering. No final agreements have been reached, and specifics remain subject to change. SpaceX recently filed confidential paperwork with the SEC, aiming for a market launch later this year.