The Kingdom of Saudi Arabia's sovereign wealth fund has reported significant unrealized gains from its investment in SpaceX. As of the end of March, the Kingdom Holding Company held 42.4 million shares of SpaceX Class A common stock. The fair value of this holding is estimated at approximately $6.83 billion, reflecting an unrealized gain of about $2.36 billion based on the latest market price.
Saudi Sovereign Wealth Fund Gains $2.36 Billion on SpaceX Investment
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.