Saudi Fund’s SpaceX Stake Jumps to $6.83B After IPO Debut, Up $2.36B

Saudi Arabia’s Kingdom Holding Co., a publicly traded, globally diversified investment holding company headquartered in Riyadh, said the value of its stake in SpaceX has climbed to about $6.83 billion after the aerospace company’s debut on Nasdaq, marking an unrealized gain of roughly $2.36 billion.