• The White House's petty dig at MBS shows Biden is serious about bringing Saudi Arabia to heel

    16 days ago - By Business Insider

    A composite image of Crown Prince Mohammed and President Joe Biden.
    AP Photo/Susan Walsh/Sputnik via AFP
    The White House announced that Biden's opposite number in Saudi Arabia is King Salman.
    It was a clear dig at Crown Prince Mohammed, who is in reality running Saudi Arabia.
    The Biden administration seems reticent to engage with MBS given his nefarious human-rights record.
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    The White House effectively downgraded Crown Prince Mohammed bin Salman's status in Saudi Arabia on Tuesday. Jen Psaki, the White House press secretary, said the...
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  • SpaceX raises $850 million at Elon Musk's favorite price of $420 per share, report says

    16 days ago - By Business Insider

    Tesla chief Elon Musk owns SpaceX
    Pool/Getty Images
    Elon Musk's SpaceX is now valued at around $74 billion.
    The aerospace company raised $1.9 billion in August as it funds Starlink and Starship.
    Musk said earlier in February that Starlink will IPO at some point in the future.
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    Elon Musk's rocket and satellite company SpaceX has raised another $850 million, according to a media report, sending its valuation soaring to around $74 billion. SpaceX raised the funds at a price of $419.99 per share, CNBC reported , citing...
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  • Saudi Arabia's $400 billion sovereign wealth fund reveals billion-dollar stakes in video game stocks, and almost doubled its holdings of US equities in the 4th-quarter

    16 days ago - By Business Insider

    Saudi Crown Prince Mohammed bin Salman.
    FAYEZ NURELDINE/AFP/Getty Images
    Saudi Arabia's sovereign wealth fund disclosed billion-dollar stakes in video game stocks last quarter. The state-backed fund raised its overall holdings of US equities to about $13 billion, up from $7 billion. The value of its biggest US stock holding, Uber, rose 42% to $3.7 billion in the fourth quarter. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Saudi Arabia's sovereign wealth fund, which is among the largest in the world, bought stakes in video game stocks for the first time in the...
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