Dubai's Vy Capital boosts Musk bets to $40B+, deepens UAE ties

Vy Capital, a Dubai-based investment firm and major SpaceX shareholder, has increased its stake in The Boring Company, raising its total exposure to Elon Musk's ventures above $40 billion. The move deepens financial ties between the UAE royal family and Musk's portfolio. This signals continued Gulf capital deployment into Musk's private companies, though exact terms and valuation remain undisclosed.