SpaceX and Saudi PIF are in discussions to introduce their $5 billion investment in the IPO.

According to two sources familiar with the matter, SpaceX, owned by Musk, has been in talks with the Saudi Public Investment Fund to discuss the possibility of PIF making an anchor investment of about $5 billion in SpaceX's initial public offering. The sources said that this investment would to some extent prevent PIF's existing stake in SpaceX, which is less than 1%, from being diluted. Three other sources also said that SpaceX had been looking for anchor investors even before its official listing. The company plans to raise a record-breaking $75 billion, which would surpass previous large IPOs such as Saudi Aramco in 2019 and Alibaba in 2014. The sources said that SpaceX is trying to assess investors' interest in this unprecedented deal. Due to the confidential nature of the negotiations, the sources requested anonymity. They also stated that a final decision has not yet been made, and any investment arrangements may still change.