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Requests have been made by Gulf sovereign wealth funds to purchase shares valued between one billion and five billion dollars in SpaceX's initial public offering, as investors seek to capitalize on the company's targeted valuation of $1.8 trillion. This investment is part of the region's efforts to strengthen its role in financing the artificial intelligence sector, with participation from institutions such as the Saudi Fund, the Kuwait Public Investment Authority, and Qatar Investment Authority, despite the ongoing conflict with Iran, which has not halted their expansion into the tech industry. The offering is expected to be the largest in history, maintaining SpaceX's position as a giant in the fields of space and technology.
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