Gate News message, April 23 — UAE President Sheikh Mohamed bin Zayed Al Nahyan held talks with SpaceX founder Elon Musk and BlackRock chairman Larry Fink on potential opportunities in artificial intelligence and the space sector.
Musk spoke with the Emirati leader by telephone, according to the UAE state-run Wam news agency. The two discussed global collaboration and knowledge-sharing to accelerate the development of advanced technologies. Fink met with Sheikh Mohamed in person in Abu Dhabi on Wednesday, discussing global trends, the growing role of AI, and the development of advanced technologies to support investment and economic growth, Wam reported.
SpaceX, which is targeting a $1.75 trillion valuation, encompasses Musk’s rocket and satellite programs as well as his AI ventures following SpaceX’s merger with xAI in early February. Abu Dhabi-listed International Holding Company (IHC) and Alpha Dhabi Holding each invested $25 million into SpaceX in June 2022. Separately, sovereign wealth fund Mubadala invested $436 million in BlackRock’s bitcoin exchange-traded fund, acquiring 8.2 million shares in the iShares Bitcoin ETF during the fourth quarter of 2024. IHC announced in May 2025 plans to establish a $1 billion local AI-driven reinsurance platform with BlackRock, the world’s largest asset manager.
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