JAKARTA - SpaceX founder Elon Musk on Friday denied media reports saying investors from Saudi Arabia and the United Arab Emirates plan to invest in a multi-billion dollar funding round at the company.
A unit of Saudi Arabia's investment fund and a Abu Dhabi-based company plan to invest in a multi-billion dollar funding round for SpaceX, as reported by The Information on Wednesday, citing people familiar with the discussion.
Musk tweeted "not true" in response to the report.
The funding round is expected to assess the rocket maker's $ 140 billion, the report added.
SpaceX raised $2 billion in 2022 and $2.6 billion in 2020, according to venture capital firm Space Capital.
Musk founded SpaceX in 2002 and became CEO of the company. Currently, Musk is the majority owner of SpaceX shares. Several SpaceX employees and investors also own a small part of the company's shares.
SpaceX has achieved several important successes so far, including making Falcon 9 rockets that can land again. SpaceX became the first company to successfully develop a rocket that can land again safely after being launched into space.
This paved the way for more efficient and reusable rocket development, thereby reducing the cost of space missions.
Relaunch a pre-flying Falcon 9 rocket. SpaceX made history in 2017 by re-launching a pre-flying Falcon 9 rocket, in a bid to reduce launch costs.
SpaceX also sends humans into space. In 2020, SpaceX became the first private company to successfully send human astronauts to the International Space Station (ISS) using a Falcon 9 rocket and Crew Dragon capsule.
SpaceX launched satellites and space missions for commercial clients. SpaceX has successfully launched hundreds of satellites for commercial clients and several space missions for NASA.
They are also developing larger and stronger rockets and spacecraft. SpaceX is developing a large rocket called the Starship and Super Heavy spacecraft, designed to carry humans and cargo into space and even to Mars.
SpaceX's big future projects include the development of Starship and Super Heavy for missions to Mars and making multi-planetary species humans, as well as launching tourists into space in the next few years. SpaceX is also continuing to develop a global internet satellite network known as Starlink.
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