SpaceX IPO won’t solve Alwaleed’s languishing stock

Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding stock has underperformed since its 2007 IPO, despite his investments in companies like Apple and SpaceX. A surge in shares followed speculation about SpaceX's potential $1.75 trillion IPO valuation, but the stock dropped after Kingdom Holding clarified its stake's value. The company's diversified portfolio, including Citigroup and Four Seasons, has failed to deliver consistent returns, and its stock remains below net asset value.