The Kingdom of Saudi Arabia Holdings owns 42.4 million shares of SpaceX, with an unrealized gain of approximately $2.36 billion.

Deep Tide TechFlow News — On June 14, financial information most recently disclosed by the Kingdom Holding Company of Saudi Arabia shows that, as of March 31 this year, the company held approximately 42.4 million shares of SpaceX Class A common stock, with a book value of about $4.47 billion.

According to the company’s disclosed data, if the fair value of the above holdings is calculated based on SpaceX’s per-share price of $160.95 last Friday, it comes to approximately $6.83 billion (about 25.6 billion Saudi riyals), which is about $2.36 billion higher than the book value, resulting in a substantial unrealized gain.

As market attention toward SpaceX’s commercial space business and potential IPO continues to heat up, the value of related equity assets has also drawn widespread interest from capital markets. As one of the world’s most influential commercial space enterprises, SpaceX has expanded in recent years across business areas such as rocket launches and Starlink satellite internet services, with its valuation continuing to rise.

This disclosure also shows that the Kingdom Holding Company of Saudi Arabia has become one of the important institutional investors holding equity in SpaceX and has obtained significant book gains from the company’s valuation growth.