Saudi Arabia and the UAE intend to invest in the company of American businessman Ilon Musk SpaceX.
Riyadh and Abu Dhabi plan to invest in the private space company SpaceX, which is owned by billionaire Ilon Musk, reports the Information, citing sources.
"A subsidiary of Saudi Arabia's investment fund and Abu Dhabi investment company plans to invest billions in SpaceX, according to the article.
The company in question is Badeel, which is owned by the Saudi sovereign wealth fund Public Investment Fund (PIF), and the Emirati Alpha Dhabi.
On Tuesday, Bloomberg, citing sources, reported that the U.S. administration is concerned about the growing influence of Ilon Musk, who controls companies in critical industries for the United States. The White House is discussing the possibility of a forced separation of his assets.
Officials believe that the businessman may be susceptible to "foreign manipulation," and funding from Middle Eastern countries to acquire Twitter could become a reason to block the deal by the Committee on Foreign Investment in the U.S. on national security grounds.