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SpaceX surge lifts Al-Walid and Kingdom holdings to $13B
The value of Prince Alwaleed bin Talal's investments and the Kingdom Holding Company in SpaceX has risen to more than $13 billion after the company's stock increased by 22% at the start of trading on the American markets. Their combined stake now amounts to approximately 0.63% of the company's capital, which has a market valuation of around $2.2 trillion. The stock price jumped from $135 to $165 per share, boosting investors' gains in a company recognized as a leading entity in the space and advanced technology sector.
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