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Al-Mamlakah values SpaceX at 25.6B riyals after NASDAQ listing
Saudi Kingdom Holding Company has increased the valuation of its investment in SpaceX to 25.6 billion Riyals after the company's shares were listed on the NASDAQ exchange. The stock began trading at $135 per share and closed at $160.95 in the first session. The company owns 42.41 million Class A shares. The book value of the investment was $4.47 billion at the end of the first quarter of 2026, while the fair value rose to approximately $6.83 billion following the listing. The stock is subject to a 180-day lock-up period, with expectations of being reclassified to Level 1 on the fair value hierarchy.
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