TechFlow News, June 14: The latest financial disclosures from Kingdom Holding Company show that, as of March 31 this year, the company holds approximately 42.4 million shares of SpaceX Class A common stock, with a book value of roughly $4.47 billion.
According to data disclosed by the company, using SpaceX’s share price of $160.95 on last Friday, the fair value of the above holdings amounts to approximately $6.83 billion (about SAR 25.6 billion), representing an unrealized gain of roughly $2.36 billion over the book value.
As market attention intensifies toward SpaceX’s commercial space business and its potential IPO, the value of related equity assets has drawn significant interest from capital markets. As one of the world’s most influential commercial space enterprises, SpaceX has continuously expanded its operations in rocket launches, Starlink satellite internet, and other business areas in recent years, driving its valuation higher.
This disclosure also indicates that Kingdom Holding Company has become one of the key institutional investors holding SpaceX equity and has realized substantial book gains from the company’s rising valuation.
