US billionaire tech entrepreneur Elon Musk has met with a number of Emirati officials on a trip to the UAE as rumours of a 2026 SpaceX listing swirl online. DiscussionsUS billionaire tech entrepreneur Elon Musk has met with a number of Emirati officials on a trip to the UAE as rumours of a 2026 SpaceX listing swirl online. Discussions

Elon Musk meets top officials on UAE visit

2025/12/22 20:15
2 min read
  • Musk $750bn net worth
  • Business interests in GCC
  • SpaceX IPO expected in 2026

US billionaire tech entrepreneur Elon Musk has met with a number of Emirati officials on a trip to the UAE as rumours of a 2026 SpaceX listing swirl online.

Discussions on artificial intelligence were high on the agenda in meetings between Musk and Emirati ruler Sheikh Mohamed bin Zayed Al Nahyan.

Musk owns electric vehicle company Tesla, space company SpaceX and artificial intelligence company xAI, which owns social media website X (formerly Twitter.)

Musk also met with the crown prince of Abu Dhabi, the crown prince of Dubai, the chairman of the UAE’s Artificial Intelligence and Advanced Technology Council and a number of other ministers and officials, the UAE state-owned news agency Wam reported on Monday.

Musk is the world’s richest person, with an estimated fortune of roughly $750 billion.

Musk’s space venture SpaceX, which is developing reusable rockets that can launch objects into space and return safely, is expected to IPO in 2026, in what some analysts have said could be the largest public offering of all time at $1.5 trillion.

In 2022, two Abu Dhabi-listed companies – International Holding Company and Alpha Dhabi – invested $25 million each in SpaceX.

Further reading:

  • PIF expected to invest in Musk’s xAI
  • Elon Musk’s Dubai Loop to be operational next year
  • Starlink team in Iraq for final licensing talks

The South African-born entrepreneur has a number of business interests in the Middle East.

Musk’s civil engineering company, The Boring Company, is building an underground road system in Dubai known as the Dubai Loop, which aims to build 17km of tunnels in its initial phase. 

Saudi Arabia’s Kingdom Holding put up nearly $2 billion for Musk’s 2022 purchase for $44 billion of Twitter and the Qatar Investment Authority handed over $375 million.

SpaceX’s Starlink is rapidly proving itself as the first satellite network capable of delivering high-quality broadband in the air, and Gulf airlines are moving aggressively to secure its services.

Market Opportunity
Dogelon Mars Logo
Dogelon Mars Price(ELON)
$0.000000035
$0.000000035$0.000000035
+4.25%
USD
Dogelon Mars (ELON) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

XRP Buyers Defend Most Major 200-Week Price Average: Can It Be Bottom of 2026?

XRP Buyers Defend Most Major 200-Week Price Average: Can It Be Bottom of 2026?

The post XRP Buyers Defend Most Major 200-Week Price Average: Can It Be Bottom of 2026? appeared on BitcoinEthereumNews.com. XRP has returned to its 200-week moving
Share
BitcoinEthereumNews2026/02/08 19:49
Expert Tags Ethereum’s ERC-8004 Mainnet Launch An “iPhone Moment”, Here’s What It Means

Expert Tags Ethereum’s ERC-8004 Mainnet Launch An “iPhone Moment”, Here’s What It Means

Market analyst says Ethereum is having an “iPhone moment” as it approaches the ERC-8004 mainnet launch.
Share
Coinstats2026/02/08 19:56
Breaking: CME Group Unveils Solana and XRP Options

Breaking: CME Group Unveils Solana and XRP Options

CME Group launches Solana and XRP options, expanding crypto offerings. SEC delays Solana and XRP ETF approvals, market awaits clarity. Strong institutional demand drives CME’s launch of crypto options contracts. In a bold move to broaden its cryptocurrency offerings, CME Group has officially launched options on Solana (SOL) and XRP futures. Available since October 13, 2025, these options will allow traders to hedge and manage exposure to two of the most widely traded digital assets in the market. The new contracts come in both full-size and micro-size formats, with expiration options available daily, monthly, and quarterly, providing flexibility for a diverse range of market participants. This expansion aligns with the rising demand for innovative products in the crypto space. Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products, noted that the new options offer increased flexibility for traders, from institutions to active individual investors. The growing liquidity in Solana and XRP futures has made the introduction of these options a timely move to meet the needs of an expanding market. Also Read: Vitalik Buterin Reveals Ethereum’s Bold Plan to Stay Quantum-Secure and Simple! Rapid Growth in Solana and XRP Futures Trading CME Group’s decision to roll out options on Solana and XRP futures follows the substantial growth in these futures products. Since the launch of Solana futures in March 2025, more than 540,000 contracts, totaling $22.3 billion in notional value, have been traded. In August 2025, Solana futures set new records, with an average daily volume (ADV) of 9,000 contracts valued at $437.4 million. The average daily open interest (ADOI) hit 12,500 contracts, worth $895 million. Similarly, XRP futures, which launched in May 2025, have seen significant adoption, with over 370,000 contracts traded, totaling $16.2 billion. XRP futures also set records in August 2025, with an ADV of 6,600 contracts valued at $385 million and a record ADOI of 9,300 contracts, worth $942 million. Institutional Demand for Advanced Hedging Tools CME Group’s expansion into options is a direct response to growing institutional interest in sophisticated cryptocurrency products. Roman Makarov from Cumberland Options Trading at DRW highlighted the market demand for more varied crypto products, enabling more advanced risk management strategies. Joshua Lim from FalconX also noted that the new options products meet the increasing need for institutional hedging tools for assets like Solana and XRP, further cementing their role in the digital asset space. The launch of options on Solana and XRP futures marks another step toward the maturation of the cryptocurrency market, providing a broader range of tools for managing digital asset exposure. SEC’s Delay on Solana and XRP ETF Approvals While CME Group expands its offerings, the broader market is also watching the progress of Solana and XRP exchange-traded funds (ETFs). The U.S. Securities and Exchange Commission (SEC) has delayed its decisions on multiple crypto-related ETF filings, including those for Solana and XRP. Despite the delay, analysts anticipate approval may be on the horizon. This week, REX Shares and Osprey Funds are expected to launch an XRP ETF that will hold XRP directly and allocate at least 40% of its assets to other XRP-related ETFs. Despite the delays, some analysts believe that approval could come soon, fueling further interest in these assets. The delay by the SEC has left many crypto investors awaiting clarity, but approval of these ETFs could fuel further momentum in the Solana and XRP futures markets. Also Read: Tether CEO Breaks Silence on $117,000 Bitcoin Price – Market Reacts! The post Breaking: CME Group Unveils Solana and XRP Options appeared first on 36Crypto.
Share
Coinstats2025/09/18 02:35