Saudi, UAE investors plan to invest in SpaceX - The Information

FILE PHOTO: SpaceX logo and Elon Musk photo are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) -A unit of Saudi Arabia's investment fund and an Abu Dhabi-based company are planning to invest in a multi-billion dollar funding round for Elon Musk-led SpaceX, The Information reported on Wednesday, citing people familiar with the discussions.

The funding round is expected to value the rocket maker at about $140 billion, the report added.

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