SpaceX IPO Sends Saudi Prince’s Wealth to New Heights
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.