First published: 14-Jun-2026 17:16:59

Amna Assem

Saudi Arabia’s Kingdom Holding Company, owned by Saudi Prince Alwaleed bin Talal, has revealed the fair value of its investment in Elon Musk’s US-based SpaceX, which operates in the fields of rockets, satellite communications, and artificial intelligence, following its initial public offering.

Quick background

(According to official data)

The Kingdom had previously announced that it owns a 0.34% stake in SpaceX, while Alwaleed bin Talal - the main shareholder and chairman of Kingdom Holding Company - owns approximately 0.29% of SpaceX shares, an investment separate and independent from the Kingdom.

The Kingdom estimated its share at approximately $4.5 billion if SpaceX were valued at $1.25 trillion.

Kingdom Holding Company's activity dates back to 1980, and it was listed on the Saudi Stock Exchange in 2007. It is an investment company operating in several sectors, including hotels, real estate, financial services, aviation, energy and mining, among others. Prince Alwaleed bin Talal bin Abdulaziz Al Saud owns a 78.1% stake in its shares, and the Public Investment Fund owns about 16.9%.

SpaceX completed its initial public offering, at a price of $135 per share, raising $75 billion and valuing the company at $1.77 trillion.

More details

According to the Kingdom’s statement on Sunday, its stake in SpaceX is worth $6.83 billion based on Friday’s closing price of $160.95 per share, after the stock saw strong gains on its first day of trading, making Musk the world’s first trillionaire.

The Kingdom’s shares in SpaceX are subject to a trading blackout period of up to 180 days from the date of listing, according to the terms of the offering.

The Kingdom said in its statement that it still believes in "SpaceX's promising long-term future".

(Prepared by: Omnia Assem, Edited by: Shaimaa Hefzy, Contact: zawya.arabic@lseg.com )

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