GULF FUNDS TARGET SPACEX IPO BILLIONS Gulf sovereign wealth funds are placing multibillion-dollar orders for SpaceX’s IPO, underscoring the region’s push into AI and advanced tech. Saudi Arabia’s PIF and Kuwait Investment Authority are each bidding $1–5 billion, while Qatar is expected to commit heavily. The demand is part of broader global oversubscription for the offering, with investors viewing SpaceX as a key asset in the AI and space economy boom.(*Walter Bloomberg)