Energy

What the Iron Man-like character is claiming for his futuristic automotive company is not unheard of. On a systemic basis, mammoth institutional investment—especially from sovereign wealth funds (SWFs)—is flowing into start-ups and technology-oriented publicly traded companies. In this case, Saudi billions would help Mr Musk escape the pressures of being publicly listed. SWFs have invested large sums into high-growth start-ups promising innovation and financial returns. In fact, just this month, Saudi’s Public Investment Fund (PIF) announced a US$1bn investment in Tesla’s rival, Lucid, and a US$2bn stake in Tesla. The rise in SWF balance sheets and activity is having ramifications on global efforts to be more Silicon Valley-like, and on Silicon Valley itself.

Rolf Mowatt-Larssen: "The US intelligence community can no longer trust the President’s judgment after he clearly sided with Russia in the Mueller investigation and the underlying intelligence information that formed the basis of the indictments of twelve Russian military intelligence officers."

As George Orwell once observed, some ideas are so absurd that only the intelligentsia could hold them; ordinary people would not be so foolish. A case in point is a reported proposal to allow the Kingdom of Saudi Arabia to enrich uranium and reprocess spent reactor fuel—two activities that could bring it within weeks of acquiring nuclear weapons—under a developing civil nuclear cooperation agreement.

The Iran nuclear deal is deeply flawed. Its duration is too short, and it fails to require of Tehran the universally agreed-upon minimum for effective verification — a complete and correct declaration of all relevant activities. Nonetheless, it would be a mistake for President Donald Trump to renounce it now, as he is reportedly contemplating.

Rolf Mowatt-Larssen, a former senior fellow with the Belfer Center and long-time intelligence officer, has been named Director of the Center’s Intelligence and Defense Projects and Project on Saudi and GCC Security.