Intesa Sanpaolo Invests in Elon Musk's SpaceX
06 Octobre 2023 - 10:57AM
Dow Jones News
By Pierre Bertrand
Intesa Sanpaolo said that it has invested in Elon Musk's Space
Exploration Technologies Corp. for an unspecified amount, adding
that this reflects Intesa's confidence in the company and its role
in the aerospace sector.
Intesa said the investment was in line with its business plan to
2025 in a release Friday, which also highlighted the achievements
of Musk's space company, also known as SpaceX.
"Intesa Sanpaolo believes the aerospace sector can play a
crucial role in driving the development and growth of the world's
economies. That's why the group has chosen to invest in a company
that has shown a cutting-edge vision for the future," Intesa
said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
October 06, 2023 04:42 ET (08:42 GMT)
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