The Big Story: SpaceX IPO means more to the Gulf than you might expect

SpaceX's upcoming $1.77 trillion IPO is expected to benefit Gulf investors, including Saudi Arabia's Prince Alwaleed bin Talal and Gulf sovereign wealth funds, which hold stakes in the company. The IPO aligns with the Gulf's strategic goals to expand digital infrastructure, driven by vulnerabilities in the Strait of Hormuz and a shift toward space-based technologies for energy and communication.