SpaceX has held talks with Saudi fund for possible $5 billion investment in IPO

Billionaire Elon Musk’s SpaceX has had discussions with Saudi Arabia’s Public Investment Fund ‌about PIF potentially ⁠taking ⁠an anchor stake of around $5 billion in the space company’s IPO, according to two people familiar with the matter.

The investment would partly prevent dilution of PIF’s existing stake of just under ​1% in SpaceX, the sources said.