The Deal Room: Aston Martin strikes Lucid EV deal & SpaceX tender offer explained
Market Maker
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Elon Musk's Involvement in the Tesla Tender Offer
Elon Musk is trying to raise money for his rocket company SpaceX. He owns 78, 79% of the voting rights and has a $150 billion valuation. The Saudi public investment fund that we've spoken about previously has taken a stake in round 30 of SpaceX's funding. I just wonder then, why is Elon so ballsy with how he behaves? Because the US government actually need his satellite technology to be anywhere near competitive in that space race.
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