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AI / Automotive Automotive

SpaceX IPO Draws Billions in Orders From Middle Eastern Funds

Source: bloombergMarkets June 10, 2026 · 11:49
Bloomberg Tech Co-Host Caroline Hyde joined Bloomberg's Paul Sweeney and John Tucker to discuss how Gulf wealth funds are pouring billions into SpaceX's IPO. Gulf wealth funds have put in orders for shares worth several billions of dollars in SpaceX’s initial public offering, according to people familiar with the matter, the latest indication of the region’s ambitions to continue playing a lead role in bankrolling the global artificial intelligence buildout. (Source: Bloomberg)
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