Prince Al-Walid's wealth rises to 24.5B from SpaceX
Prince Saudi billionaire Prince Alwaleed bin Talal's wealth has surged to approximately $24.5 billion, thanks to the rising value of his stake in SpaceX, which is preparing for what could be the largest IPO in history. His stake in the company is 0.63%, leading to a 21% increase in the share price of Kingdom Holding Company on the Saudi market within two days. His personal share in SpaceX is estimated to be over $3.2 billion, with projections suggesting it could rise to around $4 billion. This development comes in the summer as SpaceX prepares to raise approximately $75 billion through its upcoming IPO.
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