Intesa Sanpaolo Holds Nearly $1 Billion Stake in SpaceX
· Business · Reuters, Bloomberg
Italian banking group Intesa Sanpaolo disclosed a stake in SpaceX valued at approximately $1 billion as of the second quarter. The investment represents a significant holding in the private aerospace company founded by Elon Musk. The report does not specify the exact timing or the nature of the acquisition of these shares. SpaceX continues to be one of the most highly valued private companies globally, driven by its Starlink satellite internet service and reusable rocket technology.
Why it matters
The disclosure provides a rare glimpse into the private equity holdings of a major European bank, highlighting the growing institutional interest in the private space sector.
Read the original report — Reuters
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.