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finance

SpaceX in talks with Saudi PIF for about $5 billion anchor stake in planned IPO

Sources say Saudi Arabia’s Public Investment Fund discussed taking an approximately US$5 billion anchor stake to protect its sub 1 percent holding as SpaceX lines up investors for an IPO it hopes will raise about US$75 billion.

Apr 2nd 2026 · United States

Insights

  • SpaceX discussed a potential anchor investment of about US$5 billion from Saudi Arabia’s Public Investment Fund, according to sources.
  • PIF currently holds just under 1 percent of SpaceX and the proposed investment would partly prevent dilution of that stake.
  • SpaceX is lining up anchor investors as it aims to raise roughly US$75 billion in an unprecedented IPO size.
  • The company has filed confidential paperwork with the SEC and is targeting a market debut later this year.
  • No final decision has been made and talks are confidential, with SpaceX and PIF declining to comment.
  • Underwriters expect to allocate a large portion of shares to wealthy clients while anchor investors help underpin demand.

Sources