Expanding Empire
Gulf funds build future influence in backing Elon Musk’s ventures
The Mubadala fund is one of SpaceX’s largest investors, meaning the proposed merger would deepen its exposure to Musk by adding xAI’s assets
Brendan SMIALOWSKI / AFP via Getty Images
Saudi Crown Prince Mohammed bin Salman shakes hands with Elon Musk at the U.S.-Saudi Investment Forum in Washington D.C. in November
Add The Circuit on GoogleElon Musk’s plan to combine SpaceX and artificial-intelligence firm xAI into a $1.25 trillion venture is drawing renewed attention to the Gulf sovereign wealth funds that have invested in his companies.
Abu Dhabi’s Mubadala fund is one of...
