SpaceX in Discussions with Saudi Arabia’s Public Investment Fund for a $5B Investment

Aerospace firm SpaceX is in discussions with Saudi Arabia’s Public Investment Fund (PIF) about a potential $5 billion investment ahead of its planned IPO, according to Reuters. The investment would likely serve as an anchor stake that would help support demand for what could become one of the largest public offerings ever. In addition, it would help PIF maintain its existing ownership of just under 1% in SpaceX by avoiding dilution. However, the talks are still ongoing, and no final agreement has been reached.

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Unsurprisingly, SpaceX is actively lining up major investors before going public, as it looks to raise as much as $75 billion. If successful, this would surpass previous record-breaking IPOs like Saudi Aramco and Alibaba (BABA). The company is currently testing investor interest for a deal of this size, which remains highly unusual in the market.

Nevertheless, this potential investment builds on the growing ties between Musk’s companies and Saudi Arabia. In late 2025, PIF’s AI firm HUMAIN partnered with xAI to develop large-scale data center capacity in the country. PIF also invested $3 billion in xAI before its merger with X. Meanwhile, SpaceX has already filed confidential IPO paperwork with U.S. regulators and is targeting a public listing later this year.

What Is the Prediction for TSLA Stock?

When it comes to Elon Musk’s companies, most of them are privately held. However, retail investors can invest in his most popular company, Tesla (TSLA). Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 13 Buys, 11 Holds, and seven Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $395.49 per share implies 9.8% upside potential.

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