Musk denies Saudi Arabia and UAE billion dollar investments in SpaceX

Several major publications wrote the day before that SpaceX could receive billions of dollars from

Saudi Arabia and the UAE. But Elon Musk quickly issued a refutation.

What is known

It was reported that the investment divisionA Saudi Arabian fund and an unnamed UAE company planned to invest several billion dollars in SpaceX, and negotiations have already begun. This would allow Elon Musk to increase the capitalization of his aerospace company to $140 billion.

However, the American billionaire himself quickly put an end to speculation. In response to the TESLARATI publication, the head of SpaceX succinctly wrote "not true." So there will be no additional funding.