Key facts
- Kingdom Holding Co. reports its SpaceX stake is valued at $6.83 billion.
- The valuation increased by $2.36 billion.
- The increase follows SpaceX's Nasdaq debut.
- The stake is subject to a 180-day lock-up period.
- Kingdom Holding Co. is a Saudi Arabian investment company.
Saudi Arabia's Kingdom Holding Co. has announced that its investment in SpaceX is now valued at $6.83 billion. This valuation comes after SpaceX's recent debut on the Nasdaq stock exchange. The reported value signifies a substantial increase of $2.36 billion from its previous valuation. Kingdom Holding Co.'s stake in the aerospace firm is currently under a 180-day lock-up period. This lock-up restricts the company from selling its SpaceX shares for six months following the initial public offering. The specific details of the initial investment amount and the exact percentage of ownership held by Kingdom Holding Co. were not disclosed in the report.