Mercedes-Benz to partner with drone supplier to Ukraine; Middle Eastern funds bid for SpaceX shares
Mercedes-Benz is reportedly set to partner with Tytan Technologies, a supplier of interceptor drones to Ukraine, with a memorandum expected at ILA Berlin. Simultaneously, sovereign wealth funds from Saudi Arabia, Kuwait, and Qatar are bidding billions for SpaceX shares during its
German automaker Mercedes-Benz is reportedly preparing to announce a strategic partnership with Munich-based startup Tytan Technologies, a company known for supplying interceptor drones to Ukraine. The formal memorandum is anticipated to be signed at the ILA aerospace exhibition in Berlin. Concurrently, sovereign wealth funds from the Middle East are actively pursuing investments in Elon Musk's aerospace firm, SpaceX. Saudi Arabia's Public Investment Fund and the Kuwait Investment Authority have reportedly submitted bids ranging from $1 billion to $5 billion to acquire shares during SpaceX's initial public offering. Qatar Investment Authority is also expected to make a significant investment in the company. Sources: Forbes Ukraine
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