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SpaceX IPO Talks: Saudi Fund Eyes $5 Billion Stake
3 Apr
Summary
- SpaceX aims to raise a record $75 billion in its upcoming IPO.
- Saudi Arabia's Public Investment Fund may take a $5 billion stake.
- The company has submitted confidential IPO paperwork with the SEC.
Billionaire Elon Musk's SpaceX is in discussions with Saudi Arabia's Public Investment Fund (PIF) regarding a potential $5 billion anchor investment in the company's upcoming Initial Public Offering (IPO). This strategic move by PIF could help secure a significant stake and potentially reduce the dilution of their existing ownership in SpaceX.
SpaceX is reportedly preparing for a historic stock market debut, aiming to raise an unprecedented $75 billion. This valuation would significantly surpass previous mega-IPOs. The company has recently filed confidential IPO paperwork with the U.S. Securities and Exchange Commission (SEC).
The rocket maker is actively engaging with potential anchor investors, who are crucial for signaling confidence and stabilizing demand before the IPO roadshow. While major institutional buyers are being courted, a substantial portion of the shares is also anticipated to be allocated to high-net-worth individuals.
This potential investment deepens PIF's existing ties with Musk's ventures. In November 2025, PIF's AI firm HUMAIN collaborated with Musk's xAI, committing to deploy 500 megawatts of data center capacity in Saudi Arabia. PIF had previously invested $3 billion in HUMAIN prior to its merger with X, formerly known as Twitter.
SpaceX, headquartered in Starbase, Texas, is targeting a market launch for its IPO later in 2026. The company has not yet made a final decision regarding the IPO scale or investor participation, and terms are subject to change.
