Musk denied billions of dollars investments of Saudi Arabia and the UAE in SpaceX

Several major media outlets had written the day before that SpaceX could receive billions of dollars from Saudi Arabia and the UAE. But Elon Musk promptly issued a denial.

Here's What We Know

It was reported that a unit of a Saudi investment fund and an unnamed UAE company were planning to invest several billion dollars in SpaceX, and talks had already begun. This would have allowed Elon Musk to increase the capitalisation of his aerospace company to $140bn.

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

Source: @elonmusk