BUSINESSJun 14 · 15:20 UTCFORTUNEAdveith Nair, Bloomberg

SpaceX surge further boosts Saudi billionaire prince’s fortune

SpaceX's first-day stock surge increased the value of Saudi billionaire Prince Alwaleed bin Talal's investment firm, Kingdom Holding Co., by nearly $7 billion. The firm holds 42.4 million SpaceX shares, and the stock's 19% rise boosted Alwaleed's net worth to over $27 billion. Saudi Arabia's Public Investment Fund and regional investors like Abu Dhabi's MGX and Qatar have also invested in AI and space ventures, including SpaceX and xAI.

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Prince Alwaleed bin TalalpersonKingdom Holding CompanyorganizationSpaceXorganizationSaudi ArabiaplacePublic Investment FundorganizationHUMAINorganizationAbu DhabiplaceQatarplace

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