SpaceX Aims for $75B IPO, Saudi Fund Talks Anchor Investment

0:00It's April 2nd. This is US News Today, powered by AI, your country, in real time. I'm Cory with the story. SpaceX is gearing up for a monster IPO, targeting a $75 billion raise that would smash records set by Saudi Aramco and Al-Ivaba. Saudi Arabia's public investment fund is talking anchor investment to shield their stake of just under 1% from getting watered down. Scientists say the rocket company is rounding up these heavy-hitter investors way early, testing the waters for a deal this gigantic ahead of the stock. Debut. PIV's been building bridges with Elon Musk's empire lately. In November 2025, their AI outfit linked with XAI on 500 megawatts of Saudi data centers then poured $3 billion dollars into XAI before it's merger with the ECAPLATFORM. SpaceX filed confidential paperwork with the SEC from Starbase, Texas, aiming for a market splash later this year. No firm commitments yet and everything still fluid.

1:00Anchor moves like this, signal big confidence, fueling SpaceX's push to dominate the stars without ownership headaches.