Yazılar

SpaceX in Talks with Saudi Fund for $5B IPO Investment

/in /tarafından

SpaceX is reportedly in discussions with Public Investment Fund (PIF) over a potential $5 billion anchor investment ahead of its anticipated initial public offering.

The investment would help secure a cornerstone position for PIF in the IPO while limiting dilution of its existing stake, which is currently just under 1%. The talks are part of SpaceX’s broader effort to line up major institutional investors before launching what could become one of the largest IPOs in history.

The company is targeting a fundraising total of around $75 billion, a scale that would surpass previous landmark listings such as Saudi Aramco and Alibaba.

Led by Elon Musk, SpaceX has been actively gauging investor demand as it prepares for its market debut later this year. Anchor investors are expected to play a key role in stabilizing the offering and signaling confidence to broader markets.

The potential deal would further deepen ties between Musk’s business ecosystem and Saudi Arabia’s investment arm, which has already committed significant capital to related AI and technology initiatives.

While discussions are ongoing, sources indicate that no final agreement has been reached and terms remain subject to change.

X Restored After Brief Outage in US

/in /tarafından

Elon Musk’s social media platform X experienced a brief outage affecting thousands of users in the United States before services were restored.

At the peak of the disruption, more than 34,000 users reported issues, according to outage-tracking platform Downdetector. The number of reports later dropped significantly as the platform recovered.

Downdetector compiles user-submitted reports to estimate service disruptions, meaning the actual number of affected users may vary.

X did not immediately comment on the cause of the outage.

Musk’s X Back Online After Brief US, UK Outage

/in /tarafından

Elon Musk’s social media platform X returned to normal operations after experiencing a brief outage that affected users in both the United States and the United Kingdom.

According to outage tracking service Downdetector, reports of disruptions in the U.S. peaked at nearly 40,000 before dropping significantly to around 730 by late morning. In the UK, more than 11,000 users reported issues at the height of the disruption.

The figures are based on user-submitted reports, meaning the total number of affected users may have varied.

X did not immediately comment on the cause of the outage.

The disruption comes amid ongoing structural changes within Musk’s business ecosystem. Earlier moves included folding X into his artificial intelligence venture xAI through a share swap, followed more recently by SpaceX acquiring the AI startup.