Elon Musk denies report that Saudi Arabia, UAE intend to invest in SpaceX

An arm of Saudi Arabia’s Public Investment Fund and an Abu Dhabi-based company were reported to be looking to invest in Elon Musk’s SpaceX, according to The Information, which cited people familiar with investor discussions.
Tesla CEO Elon Musk leaves the Phillip Burton Federal Building on January 24, 2023 in San Francisco, California. Musk testified at a trial regarding a lawsuit that has investors suing Tesla and Musk over his August 2018 tweets saying he was taking Tesla private with funding that he had secured. The tweet was found to be false and cost shareholders billions of dollars when Tesla's stock price began to fluctuate wildly allegedly based on the tweet. (Photo by Justin Sullivan/Getty Images)
Elon Musk leaves the Phillip Burton Federal Building on January 24, 2023 in San Francisco, California. - Justin Sullivan/Getty Images
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Salim A. Essaid
@salim_a_essaid

DUBAI — Elon Musk, SpaceX's billionaire founder and CEO, denied on Friday the media reports from earlier this week that Saudi Arabia and the United Arab Emirates (UAE) intended to invest in a multibillion-dollar funding round in the company, according to Reuters.

An arm of Saudi Arabia’s Public Investment Fund (PIF) and an Abu Dhabi-based company were reportedly looking to invest in Elon Musk’s SpaceX, according to The Information on Wednesday, which cited people familiar with investor discussions. 

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