Saudi PIF owns $26B in SpaceX

The Saudi Public Investment Fund owns an investment valued at $26 billion in Elon Musk's SpaceX as of the end of June, holding over 154 million shares, making it one of its largest investments in the U.S. stock market. SpaceX's shares increased by 20% during its initial public offering, but the stock has since lost about 9% of its value. This investment is part of the fund's broad investment portfolio, which includes companies such as Uber, Lucid, Clarity, and Electronic Arts, amidst the overall decline of the U.S. stock market.

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