Billionaire Elon Musk\u2019s SpaceX has had discussions with Saudi Arabia\u2019s Public Investment Fund about PIF potentially taking an anchor stake of around $5 billion in the \u200bspace company\u2019s IPO, according to two people familiar with the matter. The investment \u200bwould partly prevent dilution of PIF\u2019s existing stake of just under \u20601% in SpaceX, the sources said. The rocket maker has been lining up anchor investors \u200bwell ahead of its stock market debut, three other sources said. The company aims \u200bto raise a record-breaking $75 billion, which would dwarf previous mega-IPOs such as Saudi Aramco in 2019 and Alibaba in 2014. SpaceX is trying to gauge investor interest for a deal of this unprecedented \u200bscale, the sources said, requesting anonymity because the talks are confidential. No final \u200bdecision has been made, and any investment remains subject to change, the sources cautioned. SpaceX did not \u200crespond to \u2060a request for comment. PIF declined to comment. Anchor investors are institutional buyers who typically commit to a fixed stake ahead of an IPO roadshow, signalling confidence and helping underpin demand for the offering. While SpaceX courts big-ticket anchor investors, a significant \u200bportion of the allocation \u200bis expected to \u2060go to wealthy investors served by the underwriting banks, Reuters reported previously. PIF deepened its ties with Musk\u2019s business empire in November 2025, \u200bwhen its AI firm HUMAIN and xAI announced a collaboration \u200bto deploy \u2060500 megawatts of data centre capacity in Saudi Arabia. PIF then invested $3 billion via HUMAIN ahead of xAI\u2019s merger with the social media platform X in March 2025. SpaceX, based \u2060in Starbase, \u200bTexas, submitted confidential IPO paperwork with the SEC recently \u200band is targeting a market launch later this year.<\/p>\n","protected":false},"excerpt":{"rendered":"
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