Saudi Sovereign Wealth Backed Lucid Motors Could Race into SPAC Route

Posted on 01/12/2021


Saudi Arabia’s opaque sovereign wealth fund – Public Investment Fund (PIF) – is a key money backer of electric vehicle (EV) maker Lucid Motors Inc. Lucid Motors is talking to Michael Klein’s SPAC empire about a possible merger that could value the car company up to US$ 15 billion. Lucid Motors is run by former […]

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