Saudi Arabia’s Public Investment Fund is considering taking an anchor stake of around $5 billion in Elon Musk’s SpaceX as the company eyes a whopping $2 trillion in valuation ahead of its planned IPO.
The space exploration company is aiming to raise a record-breaking $75 billion in the listing scheduled for later this year, according to Bloomberg and Reuters reports. If true, the listing would eclipse previous mega-IPOs, including Saudi Aramco’s $29 billion offering in 2019 and Alibaba’s $22 billion debut in 2014.
It could also make owner and…

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