SpaceX In Discussions With Saudi Wealth Fund For Massive Five Billion Dollar Anchor Stake In Record-Breaking IPO

Saudi Arabia's PIF discusses a $5 billion anchor investment in SpaceX's record-breaking $75 billion IPO to maintain its stake in Musk's rocket firm.

By: AXL Media

Published: Apr 3, 2026, 4:04 AM EDT

Source: Information for this report was sourced from CNA

A High-Stakes Partnership for a Global Launch

The financial architecture of SpaceX’s anticipated public market debut is beginning to take shape through a potential multibillion-dollar commitment from one of the world's most influential sovereign wealth funds. According to sources familiar with the matter, the Saudi Public Investment Fund is considering an anchor stake of approximately $5 billion to secure its position within the rocket manufacturer's cap table. This move is designed to prevent the dilution of the fund’s current holding, which stands at just under one percent of the company. As SpaceX prepares for a listing that could redefine the private space industry, securing a cornerstone investor of this magnitude provides a critical signal of institutional confidence to the broader global market.

Breaking Records in the Global IPO Landscape

The scale of the proposed SpaceX offering is unprecedented, with the company targeting a total raise of $75 billion. If successful, this figure would comfortably exceed the previous records set by the Saudi Aramco listing in 2019 and the Alibaba debut in 2014. By court-side large-scale anchor investors well ahead of the traditional IPO roadshow, Elon Musk’s team is attempting to de-risk a transaction of a magnitude never before seen in the technology or aerospace sectors. While no final decisions have been reached, the sheer size of the capital sought indicates that SpaceX intends to use the public markets to fund an aggressive expansion of its Starship and Starlink programs.

Deepening Ties Between Riyadh and the Musk Empire

The potential investment marks the latest chapter in an increasingly integrated relationship between Saudi Arabia and Elon Musk’s various commercial ventures. In late 2025, the Public Investment Fund’s artificial intelligence subsidiary, HUMAIN, announced a major collaboration with xAI to develop significant data center capacity within the Kingdom. This was followed by a $3 billion investment prior to the merger of xAI with the social media platform X. By positioning itself as a primary backer of SpaceX, the Saudi government is signaling its long-term commitment to diversifying its national economy through high-tech sectors, moving away from a historical reliance on petrochemical revenues.