On Monday in Riyadh, at the Saudi-U.S. Investment Forum, Elon Musk announced during a fireside chat with the Kingdom’s minister of communications and information technology that Starlink, the satellite internet arm of his rocket company SpaceX, had clinched a deal with Saudi Arabia to offer service to the country’s maritime and aviation companies.
It was the second Musk venture to do a deal with the Saudis in as many weeks. On April 29, X Corp., Musk’s social media company, raised $1.23 billion in fresh debt to refinance part of its existing $12 billion debt load from Musk’s leveraged buyout three years ago.
Read the full story on Forbes: https://www.forbes.com/sites/johnhyatt/2025/05/14/musks-saudi-trip-caps-gulf-dealmaking-spree/
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0:00 Introduction
1:38 Elon Musk And Middle East Relations
7:23 Qatar Jet Gift To Donald Trump: Are Billionaires Striking Deals?
9:49 Other Business Dealings For Elon Musk, Sam Altman, And Others
12:24 DOGE Overseas: Will The Middleast Work With Elon Musk?
15:58 Conflicts Of Interest: SpaceX, Starlink And Tesla
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