AIRest of Worldabout 16 hours ago
What the SpaceX IPO reveals about Gulf money in AI
1 min read
SpaceX lists on Nasdaq June 12 at a $1.75 trillion valuation, selling up to $75 billion in shares. Saudi Arabia's Public Investment Fund is in talks to put in $5 billion. ChatGPT, Claude, and Grok are all partly funded by Middle Eastern governments, with conditions requiring AI infrastructure built on sovereign soil.
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