PIF bids for shares in SpaceX’s IPO: Report

Saudi Arabia’s Public Investment Fund (PIF) and the Kuwait Investment Authority have each placed orders for shares worth $1 billion to $5 billion in SpaceX’s initial public offering (IPO), Bloomberg reported, citing sources familiar with the matter.

The $580 billion Qatar Investment Authority is also likely to make a significant commitment, the sources said.

On June 3, SpaceX announced, in a filing submitted to the US Securities and Exchange Commission (SEC), its plan to set a fixed price of $135 per share in its 555.6 million share IPO, which would result in the company raising $75 billion.