The race to secure a slice of SpaceX’s blockbuster stock market debut is drawing some of the Gulf’s biggest sovereign investors, with multibillion-dollar commitments reportedly emerging from across the region.
Saudi Arabia’s Public Investment Fund and the Kuwait Investment Authority are said to have pledged investments ranging between $1 billion and $5 billion each toward the offering. Qatar’s sovereign wealth fund is also expected to take part with a substantial allocation, according to reports citing people familiar with the fundraising process.
The strong interest underscores the Gulf’s growing appetite for high-profile technology and space-sector investments as regional funds continue to diversify beyond traditional energy holdings.
Investor demand for Elon Musk’s rocket and satellite company has been exceptionally robust. Reports indicate that orders for the offering have already climbed to roughly $250 billion, leaving the deal close to four times oversubscribed.
If completed on the anticipated scale, the SpaceX listing is poised to become the largest initial public offering ever staged, marking a defining moment not only for the company but also for global equity markets eager to gain exposure to one of the world’s most closely watched private technology firms.
