SpaceX to raise multi-billion funding from Saudi & UAE: Report
Elon Musk-led SpaceX is planning to raise multi-billion dollar funding from a unit of Saudi Arabia's investment fund and an Abu Dhabi-based company, The Information reported. The round is expected to increase the space tech company's valuation to nearly $140 billion. As per the venture capital firm Space Capital, SpaceX raised $2 billion in 2022 and $2.6 billion in 2020.