Russian Oligarch Kerimov Acquires 1% SpaceX Stake Through Heritage Trust

Sanctioned Russian oligarch Suleyman Kerimov held a strategic 1% stake in SpaceX from 2017-2022 through Delaware’s Heritage Trust, initially worth $10 million and later valued at $500 million. The investment, managed by Citigroup and structured to obscure Kerimov’s ownership, raised …