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الاقتصادية
SpaceX Gains as The Kingdom Falls 6%
Kingdom Holding Company's shares declined by approximately 6.4% in the Saudi market, despite SpaceX's stock rising by 19% on its first day of trading on Nasdaq. This comes after the company issued data indicating it owns 42.41 million shares of SpaceX with a book value of 16.76 billion riyals, and an estimated fair value of the stake around 25.6 billion riyals. The increase in SpaceX's market value has boosted its weight in Kingdom Holding's assets, enhancing its impact on the company's valuation, although the investment currently does not provide direct liquidity or balanced governance influence. The valuation of SpaceX is tied to high-growth future prospects, accompanied by potential risks of losses, as it generated $18.7 billion in revenue in 2025 but recorded losses of $4.9 billion. The market perceives that the company's future value does not guarantee immediate profitability or quick liquidity.
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