SpaceX Stake: Saudi Kingdom & Crown Prince Walid’s Shares Could Exceed $10 Billion
- Kingdom Holding Company and Prince Alwaleed bin Talal's combined stake in SpaceX may exceed $10 billion, according to reporting by Asharq Business with Bloomberg.
- The valuation of the investment comes as the aerospace sector experiences increased market activity.
- While the prospect of a public offering has driven stock prices higher in the sector, it has also introduced financial concerns.
Kingdom Holding Company and Prince Alwaleed bin Talal’s combined stake in SpaceX may exceed $10 billion, according to reporting by Asharq Business with Bloomberg.
The valuation of the investment comes as the aerospace sector experiences increased market activity. Sky News Arabia reports that shares in various space companies have risen sharply as investors anticipate a potential initial public offering (IPO) from SpaceX.
While the prospect of a public offering has driven stock prices higher in the sector, it has also introduced financial concerns. Mubasher reports that a SpaceX IPO could potentially threaten to drain liquidity.
These developments coincide with broader financial restructuring within the holdings of SpaceX CEO Elon Musk. According to Youm7, a major deal involving several banks has shifted the interest balance across Musk’s business empire.