Kingdom Holdings' SpaceX stake valued at $6.83B

The Kingdom Holding Company announced that it owns 42.4 million shares in SpaceX with a book value of $4.47 billion, while the fair value of its stake is estimated at $6.83 billion based on the closing share price of $160.95. SpaceX was listed on the NASDAQ stock exchange following its initial public offering at a price of $135 per share, which attracted over $350 billion in demand. The company indicated that its stake is subject to a trading lock-up period of up to 180 days, with the possibility of an early release according to specific conditions. It is considered a long-term investment, with an estimated value exceeding 22 billion riyals.

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