SAUDI INVESTMENT FUND DISCLOSES THEIR LARGEST BUY IN Q2:
154M SHARES OF SPACEX $SPCX , NOW 65% OF THE FUND
$25B position…makes sense to be honest.
The Saudis don’t need to trade short term because of oil money so they can hold long and they love Elon, MBS has said many times he wants him to expand Tesla into the region.
This could be a position they hold on to for a very long time as SpaceX continues to become of the largest AI infrastructure plays in the world.$SPCX
154M SHARES OF SPACEX $SPCX , NOW 65% OF THE FUND
$25B position…makes sense to be honest.
The Saudis don’t need to trade short term because of oil money so they can hold long and they love Elon, MBS has said many times he wants him to expand Tesla into the region.
This could be a position they hold on to for a very long time as SpaceX continues to become of the largest AI infrastructure plays in the world.$SPCX