This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ2N08F_L.jpg
A unit of Saudi Arabia’s investment fund and an Abu Dhabi-based company are planning to invest in a multi-billion dollar funding round for SpaceX, the Information had reported on Wednesday, citing people familiar with the discussions.
Musk tweeted “not true” responding to the report.
The funding round is expected to value the rocket maker at about $140 billion, the report added.
SpaceX raised $2 billion in 2022 and $2.6 billion in 2020, according to venture capital firm Space Capital.
