Kingdom Holding Company has revealed new details about its investment in Elon Musk’s SpaceX, as market speculation continues to grow regarding the company’s anticipated initial public offering (IPO), which could become one of the most significant listings in recent years.
The announcement highlights one of Kingdom Holding’s most valuable technology investments and underscores the growing importance of the global space economy.
Kingdom Holding’s Stake in SpaceX
According to the company, Kingdom Holding currently owns approximately 0.34% of SpaceX, with a book value of around SAR 16.76 billion (USD 4.47 billion) based on its financial statements as of March 31, 2026.
The investment is classified as a fair value investment through other comprehensive income (FVOCI), reflecting its strategic importance within the company’s global investment portfolio.
SpaceX Moves Closer to Public Markets
SpaceX has reportedly submitted documentation related to a potential IPO and future listing on the Nasdaq Stock Market.
However, neither the final offering price nor the official company valuation has been confirmed publicly.
While analysts and media reports have circulated multiple valuation estimates, Kingdom Holding emphasized that it cannot officially verify any specific valuation until SpaceX provides formal confirmation.
Potential Multi-Billion-Dollar Upside
The current carrying value of Kingdom Holding’s stake is based on an estimated SpaceX valuation of approximately USD 1.25 trillion.
Should the company achieve a valuation of USD 1.75 trillion during its anticipated public offering, Kingdom Holding estimates that the value of its stake could rise to approximately SAR 21.26 billion (USD 5.67 billion).
This would represent an additional gain of around SAR 4.5 billion (USD 1.2 billion) compared with the current book value.
Such figures highlight the significant upside potential associated with one of the world’s most valuable private technology companies.
Separate Personal Investment by Prince Alwaleed
Kingdom Holding also clarified that Prince Alwaleed bin Talal, the company’s chairman and principal shareholder, personally owns approximately 0.29% of SpaceX.
The company noted that this stake is entirely separate from Kingdom Holding’s corporate investment and is not included within its financial statements.
Why SpaceX Attracts Global Attention
SpaceX has transformed the global aerospace industry over the past decade through reusable rocket technology, commercial space missions, and innovative launch services.
The company also operates Starlink, one of the world’s largest satellite internet networks, providing connectivity services to millions of users worldwide.
Its partnerships with NASA and involvement in major space exploration projects have further strengthened its position as a leader in the global space sector.
As a result, any development related to a potential SpaceX IPO attracts significant attention from investors, analysts, and financial markets around the world.
What Could the IPO Mean?
If the anticipated IPO proceeds at the valuation levels currently discussed in the market, SpaceX could become one of the largest publicly traded companies globally.
The listing would also represent a major milestone for the commercial space industry, potentially attracting substantial institutional and retail investment.
For Kingdom Holding, a higher valuation could significantly enhance the value of its investment portfolio and strengthen its position among leading global investment firms.
Conclusion
Kingdom Holding’s latest disclosure highlights the scale and importance of its investment in SpaceX, one of the most influential technology companies of the modern era. As investors await official confirmation regarding the company’s IPO plans, attention remains firmly focused on whether SpaceX will deliver one of the largest public offerings in the history of technology and space exploration.
