11 Hrs
Source:
الاقتصادية
Saudi PIF holds $26B in SpaceX
The Saudi Public Investment Fund owns a stake worth $26 billion in SpaceX, Elon Musk's company, amounting to more than 154 million shares, according to disclosures from the U.S. Securities and Exchange Commission until the end of June. This stake is among the fund's largest investments in the U.S. stock market and coincided with a 20% rise in SpaceX’s shares during its primary offering of the year, despite a 9% decline since then. The report shows that the fund continues to hold investments in other companies such as Uber, Lucid, and Electronic Arts, while having completed the acquisition of the latter to turn it into a private company.
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