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musk secures deals with saudi investors for starlink and x corp refinancing
Elon Musk has secured significant deals in Saudi Arabia, including a partnership for Starlink to provide internet services to maritime and aviation sectors, and a $1.23 billion refinancing for X Corp. with the help of Kingdom Holding Company. This reflects a growing collaboration between Musk and Gulf investors, despite past tensions over Tesla and the Saudi sovereign wealth fund's involvement. Additionally, Musk's ventures have attracted investments from various Middle Eastern countries, enhancing his influence in the region.
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