Insider: SpaceX IPO receives investment of several billion dollars from Middle Eastern funds.

Multiple informed sources revealed that the Gulf sovereign wealth funds have made a substantial subscription to the SpaceX IPO shares, with a total amount reaching tens of billions of dollars. This once again confirms the grand strategy of the Middle East to dominate the global artificial intelligence industry funding supply. The sources said that the Saudi Public Investment Fund and the Kuwait Investment Authority each submitted subscription orders of 1 to 5 billion dollars; the Qatar Investment Authority, which manages assets of 580 billion dollars, is also highly likely to make a significant investment. Insiders indicated that Middle Eastern domestic institutions are already important shareholders of Musk's rocket, satellite, and AI company; with the company's target valuation of 1.8 trillion dollars, these holdings have substantial unrealized gains on the balance sheet. It is currently unclear how much of the funds raised by major funds in this round of subscriptions will be used to hedge against the dilution of equity after going public. Not only the Middle East, but major institutions around the world are competing for shares, and overall subscription demand has exceeded expectations. Bloomberg previously reported that some institutions declared subscription amounts exceeding 10 billion dollars, but the final actual allocation is likely to be reduced. The spokespersons for the Saudi Public Investment Fund and the Qatar Investment Authority declined to comment, and the Kuwait Investment Authority has not responded to interview requests.