Gulf sovereign wealth funds including Saudi PIF are ordering billions in SpaceX IPO shares, targeting a record $75B raise at a $1.7T-plus valuation.

The windfalls Gulf sovereign wealth funds are poised to receive will offer a nicely timed boost to their balance sheets.

Elon Musks SpaceX is poised for a historic IPO, aiming to raise $75 billion at a $1.75 trillion valuation. Investor demand is strong, with shares set to list on Nasdaq on June…

"Some have bid for $10 billion or more of stock..."

Saudi Arabia's Public Investment Fund and Kuwait Investment Authority have each placed orders for shares worth $1 billion to $5 billion, the people said, asking not to be…

Saudi Arabia and the UAE are funding America's AI boom — and getting data centers in return.