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Space Exploration Technologies Corp. is an American spacecraft manufacturer, space launch provider, and a satellite communications corporation headquartered in Hawthorne, California. It was founded in 2002 by Elon Musk, with the goal of reducing space transportation costs to enable the colonization of Mars.

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22 Mar, 2023

Saudi, Abu Dhabi companies to invest in SpaceX

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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.

Saudi Arabia’s Water and Electricity Holding Company is also included in the funding round.