Elon Musk - Middle East News 247
February 27, 2025
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Elon Musk

NEWS DESK

The Musk-Trump Alliance: Tesla’s Stock Soars

In the ever-evolving landscape of American politics and business, an unexpected partnership has emerged, sending shockwaves through the stock market. The alliance between newly re-elected President Donald Trump and Tesla CEO Elon Musk has not only captured headlines but also propelled Tesla’s stock to unprecedented heights. The Unlikely Partnership Donald Trump,
Business Tech

Oman acquires a stake in Elon Musk’s xAI

As the nation ups its digital strategy Oman Investment Authority (OIA), the sovereign wealth fund of the Arabian Gulf country, has taken an undisclosed stake in Elon Musk’s artificial intelligence (AI) company, xAI. This is the latest in a series of high-profile partnerships with the American billionaire entrepreneur. Musk founded xAI to develop advanced AI […]
Space

Damac Capital reports strong ROI from SpaceX investment

Dubai entity invests in high-growth sectors Damac Capital, the investment arm of Dubai-based Damac Group, has reported a strong return on investment (ROI) from its strategic stake in trendsetting space tech and exploration company SpaceX. The Dubai entity is positioning its investment portfolio in high-growth sectors with substantial ROI potential and has been expanding