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[1/2]The logo of bank Intesa Sanpaolo is seen in Milan, Italy, January 18, 2016. REUTERS/Stefano Rellandini/File Photo Acquire Licensing Rights
MILAN, Oct 6 (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.
Reporting by Elisa Anzolin, editing by Alvise Armellini
Our Standards: The Thomson Reuters Trust Principles.
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