Saudi Arabia's PIF Eyes $5 Billion Anchor Stake in SpaceX IPO

Saudi Arabia’s sovereign wealth fund, Public Investment Fund, is in discussions to commit around $5 billion as an anchor investor in a planned initial public offering by SpaceX.

The potential investment would position the fund as a key early backer of the listing, with anchor investors typically pledging capital ahead of a public offering to signal confidence and attract broader market interest. The discussions remain ongoing, with no binding agreement or official confirmation from either party.

The fund currently holds a stake of just under 1% in SpaceX, and a larger commitment at IPO would help maintain its proportional ownership as new shares are issued.

SpaceX has filed confidential registration documents with the US Securities and Exchange Commission and is targeting a market debut in the latter part of 2025. The offering is expected to raise up to $75 billion, with market estimates suggesting a valuation exceeding $1.75 trillion.

Part of the share allocation is expected to be directed towards high-net-worth individuals through lead underwriting banks.

The discussions reflect broader investment ties between Saudi Arabia and companies linked to Elon Musk. In November 2025, the fund’s artificial intelligence subsidiary HUMAIN partnered with xAI to develop data infrastructure in Saudi Arabia, with prior funding of $3 billion channelled into the venture.