Musk Buys $1 Billion Tesla shares
Musk purchases $1 billion worth of Tesla shares, marking his first open-market buy since 2020. This acquisition involves 2.6 million shares, increasing his stake beyond 13%. The move boosts Tesla’s stock price by nearly 10%, closing at $410.26.
Saudi, Abu Dhabi companies to invest in SpaceX
An Abu Dhabi-based company and a unit of Saudi Arabia’s investment fund plan to invest in a multi-billion dollar funding round for SpaceX. The round is reportedly expected to value Musk’s company at about $140 billion.

