MILAN (Reuters) – Italy’s biggest bank Intesa Sanpaolo said on Friday it had decided to invest in US billionaire Elon Musk’s space company SpaceX.
Intesa Sanpaolo recognizes “the aerospace sector as having a particularly important role in the development of world economies and has therefore decided to invest in a player that has demonstrated a cutting-edge vision of the near future”, the bank said in a statement.
The size of the investment was not disclosed.
(Reporting by Elisa Anzolin, editing by Alvise Armellini)
