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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.
On June 14, 2023, Saudi Kingdom Holding announced that, according to its financial statements as of March 31, 2023, 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 SpaceX’s closing price of $160.95 per share last Friday, the fair value of its SpaceX holdings is approximately $6.83 billion (about 25.6B Saudi riyals), representing an unrealized gain of about $2.36 billion compared to the book value. $SPCX
{future}(SPCXUSDT)