Italy's Intesa Sanpaolo says it will invest in SpaceX
Technology
The size of the investment was not disclosed
MILAN (Reuters) - Italy's biggest bank Intesa Sanpaolo (ISP.MI) 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.
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