SpaceX Discusses $5 Billion IPO Investment with Saudi Fund: Sources
Filmogaz.com sources say SpaceX has held talks with Saudi Arabia’s Public Investment Fund. The discussions covered a possible $5 billion anchor stake in an upcoming IPO investment.
Terms and current ownership
The potential injection would partly shield PIF from dilution. PIF currently holds just under 1% of SpaceX.
No final agreement exists. Participants described the conversations as confidential and preliminary.
Size and timetable of the offering
SpaceX is reportedly targeting a record-setting IPO that could raise as much as $75 billion. Such a haul would surpass past mega-IPOs like Saudi Aramco and Alibaba.
The company has filed confidential paperwork with U.S. regulators. It aims for a market debut later this year.
Anchor investors and allocation strategy
Anchor investors typically commit to stakes before the IPO roadshow. Their participation can stabilize demand and signal confidence to other buyers.
Insiders expect a significant portion of shares to go to wealthy clients served by underwriting banks. SpaceX has been courting large institutional backers ahead of the listing.
Connections between PIF and Musk’s ventures
PIF has increased ties with Elon Musk’s businesses. In November 2025, PIF’s AI arm HUMAIN and xAI agreed to deploy 500 megawatts of data center capacity in Saudi Arabia.
PIF also invested $3 billion through HUMAIN before xAI’s merger with the social platform X in March 2025. Those moves deepened financial links ahead of the IPO discussions.
Comments and next steps
SpaceX did not respond to requests for comment. PIF declined to comment on the reported talks.
Sources cautioned that any decision could change. Filmogaz.com will monitor developments as more information emerges.
