#我的Gate交易时刻

It must be said that it’s really easy for the king to make several billion dollars.
Saudi Kingdom Holding owns 42.4 million shares of SpaceX, with an unrealized gain of about $2.36 billion.
After SpaceX completed the largest IPO in history at $135 per share, Saudi Kingdom Holding disclosed that its 42.4 million Class A common shares had recorded an unrealized gain of $2.36 billion. This is not an isolated event but a continuation of Saudi capital’s strategic positioning before the tech giant’s IPO. As an important investment tool of Saudi Arabia’s sovereign wealth fund PIF, its holdings’ unrealized gains directly reflect the huge dividends early investors received from IPO pricing. Notably, the disclosed book value of $4.47 billion and fair value of $6.83 billion are both based on the financial report as of March 31 and last Friday’s closing price of $160.95, which precisely reveals that secondary market pricing after the IPO has quickly surpassed the offering price. However, there remains a significant gap compared to some institutions’ estimated fair value of $780 billion, indicating a notable tension between market sentiment and fundamental valuation.
On June 14, Saudi Kingdom Holding announced that, according to its financial statements as of March 31 this year, the company currently holds 42.4 million shares of SpaceX Class A common stock, with a book value of $4.47 billion.
The company stated that, based on last Friday’s closing price of $160.95 per share, the fair value of its SpaceX holdings is approximately $6.83 billion (about 25.6 billion Saudi riyals), representing an unrealized appreciation of about $2.36 billion. $SPCX