TLDR
- SpaceX has been in talks with Saudi Arabia’s Public Investment Fund (PIF) about a potential $5 billion stake in its upcoming initial public offering.
- The investment will help protect PIF’s current stake of just under 1% in SpaceX from dilution.
- SpaceX has filed confidential IPO paperwork with the Securities and Exchange Commission (SEC), and is targeting a market launch later this year.
- The IPO aims to raise up to $75 billion, which would exceed the high-profile listings of Saudi Aramco and Alibaba.
- SpaceX could be valued at more than $1.75 trillion, according to Bloomberg.
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SpaceX, the rocket and satellite company founded by Elon Musk, is closing in on a public listing. The company held talks with the Saudi Public Investment Fund about the Public Investment Fund obtaining a major stake amounting to about five billion dollars in its initial public offering, according to two sources familiar with the matter, as reported by Reuters.
$TSLA | SpaceX IPO update
➤ SpaceX is in talks with the Saudi Public Investment Fund for a major investment in its initial public offering in 2026
➤ The Saudi fund is considering taking a primary stake of about $5 billion in the SpaceX initial public offering
– Hardik Shah (@AIStockSavvy) April 2, 2026
No final decision has been made. The sources said that any investment remains subject to change. SpaceX and PIF declined to comment.
The Public Investment Fund already owns just under 1% of SpaceX. A potential $5 billion investment would partially prevent dilution of this stake when new shares are issued during the IPO.
Lead investors are large institutional buyers who commit to a stake before the IPO roadshow begins. Their participation signals trust and helps build demand for supply.
SpaceX Major investors have been lined up ahead of its stock market debut. A significant portion of the allocation is also expected to go to wealthy individual investors served by the underwriting banks.
The IPO aims to raise up to $75 billion. This would break the records set by the listing of Saudi Aramco at a value of $25.6 billion in 2019 and the listing of Alibaba for the first time at a value of $25 billion in 2014.
Bloomberg previously reported that SpaceX could seek a valuation of more than $1.75 trillion. This would make it one of the most valuable companies of all time.
SpaceX’s relations with Saudi Arabia
The Public Investment Fund has deepened its relationship with… Musk Business empire in November 2025. Public Investment Fund’s AI company HUMAIN and Musk’s xAI company announced a deal to deploy 500 megawatts of data center capacity in Saudi Arabia.
The Public Investment Fund then invested $3 billion through HUMAIN before xAI merged with social media platform X in March 2025.
Underwriting Deposit and Timeline
SpaceX, based in Starbase, Texas, has filed confidential IPO paperwork with the U.S. Securities and Exchange Commission. The company aims to launch it on the market later in 2025.
Multiple reports on Wednesday confirmed the secret recording, before a Reuters report on the Saudi talks appeared the next day.
SpaceX is working on rockets and satellites through its Starlink service and artificial intelligence. The company has grown rapidly and become one of the most valuable private companies in the world.
The fundraising goal of $75 billion reflects the scale at which SpaceX now operates. If this happens, it will be the largest IPO in history in terms of the amount raised.
The Public Investment Fund is one of the largest sovereign wealth funds in the world, with assets estimated at more than $900 billion. Its potential role underscores the global desire for a public listing for SpaceX.
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