Intesa Sanpaolo to acquire a minority stake in SpaceX.

Intesa Sanpaolo, a banking group in Europe, agreed to acquire a minority stake in SpaceX, an American spacecraft manufacturer, launch service provider, defense contractor and satellite communications company. Financial terms were not disclosed. The aerospace sector can play a crucial role in driving the development and growth of the world's economies and SpaceX has shown a cutting-edge vision for the future in this field.