Will SpaceX take funding from Saudi Arabia, UAE? Elon Musk has one thing to say | World Information

Elon Musk, the billionaire founding father of SpaceX, on Friday denied a media report from earlier this week that mentioned buyers from Saudi Arabia and the United Arab Emirates had been planning to put money into a multi-billion greenback funding spherical within the firm.

A unit of Saudi Arabia’s funding fund and an Abu Dhabi-based firm are planning to put money into a multi-billion greenback funding spherical for SpaceX, the Info had reported on Wednesday, citing individuals conversant in the discussions.

Musk tweeted “not true” responding to the report.

The funding spherical is anticipated to worth the rocket maker at about $140 billion, the report added.

SpaceX raised $2 billion in 2022 and $2.6 billion in 2020, in line with enterprise capital agency House Capital.