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Al-Mamlaka: SpaceX on NASDAQ boosts value to 25.6 billion riyals
Kingdom Holding Company announced that the fair value of its investment in SpaceX has increased to 25.6 billion Saudi riyals after the company's shares were listed on the NASDAQ stock exchange on June 12, 2026, with an opening price of $135 per share, closing at $160.95 in its first trading session. Kingdom Holding owns 42.41 million Class A shares in SpaceX. The book value of the investment was $4.47 billion at the end of the first quarter of 2026, while the fair value has risen to approximately $6.83 billion. The shares remain subject to a 180-day trading restriction period, which may be shortened earlier according to the conditions of the agreement.
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