Kingdom Holding discloses SpaceX investment
Kingdom Holding Company announced that it owns 42.4 million Class A shares in SpaceX, with an initial book value of $4.47 billion and an estimated fair value of approximately $6.83 billion, based on the closing share price on Friday. This announcement comes after SpaceX's shares began trading on the NASDAQ stock exchange, where the company raised $75 billion in the world's largest initial public offering. The move reflects the increasing global interest in the space sector and advanced technologies. Kingdom Holding's shares currently hold a 180-day investment period from the date of listing, with the possibility of revaluation based on the future share price.
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