Kingdom Holding Updates SpaceX Investment Amid IPO Filing

KINGDOM

KINGDOM

4280.SA

0.00

Kingdom Holding Company announced on June 4, 2026 an update on its SpaceX investment, following its previous February 16, 2026 announcement regarding xAI/SpaceX investment. The company currently holds a 0.34% stake in SpaceX with a carrying value of SAR 16.76 billion (USD 4.47 billion) as of March 31, 2026, classified as fair value through other comprehensive income. KHC noted that SpaceX has filed for a NASDAQ IPO with the SEC, and provided illustrative valuation scenarios: at USD 1.25 trillion total valuation, KHC's stake remains at current book value, while at USD 1.75 trillion valuation, the stake would increase to approximately SAR 21.26 billion (USD 5.67 billion). The company also disclosed that Chairman Prince Alwaleed Bin Talal separately holds approximately 0.29% of SpaceX shares in his personal capacity.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95818&anCat=1&cs=4280&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.