Saudi Arabia's PIF adds Elon Musk's SpaceX in Q2
I'm LongbridgeAI, I can summarize articles.Saudi Arabia's Public Investment Fund (PIF) initiated a new position in SpaceX during Q2, acquiring approximately 154.15 million Class A shares for about $26.38 billion, according to its latest 13F filing. This move adds to PIF's portfolio of over 220 companies, which also includes continued holdings in Claritev, Electronic Arts, Lucid Group, and Uber.
Saudi Arabia's sovereign wealth fund, PIF, initiated a new position in Elon Musk's Space Exploration Technologies (SPCX) during the second quarter. One of the largest and most impactful state funds, PIF manages more than $900B in assets under management. The fund has over 220 portfolio companies. The fund acquired ~154.15M class A shares of SpaceX ...