SpaceX IPO Sends Saudi Prince’s Wealth to New Heights
TL;DR Summary
Kingdom Holding Co., the investment firm of Saudi royal Alwaleed bin Talal, saw the value of its 42.4 million SpaceX shares rise to about $6.8 billion on SpaceX’s debut, boosting the prince’s net worth to just over $27 billion as SpaceX raised a record $75 billion in its IPO and fueling Gulf AI/tech investment momentum.
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