KHC said that xAI has been revalued at $250 billion, while the estimated valuation of the merged entity is $1.25 trillion.
Kingdom Holding Co. (KHC) stated that the expected financial impact arising from its investment in xAI, following the recent merger between xAI and SpaceX, is an increase in the company’s net assets value (NAV) by SAR 11.6 billion, compared to the investment’s carrying value in the most recent interim financial statements. 
In a statement to Tadawul, the company said that xAI has been revalued at $250 billion, while the estimated valuation of the merged entity is $1.25 trillion.
Based on the available information, KHC estimated that marking the investment in xAI’s value to the levels indicated by the merger would have a positive impact on the fair value reserve for investment at FVOCI.
According to data available on Argaam, US businessman Elon Mask recently announced a merger between xAI and SpaceX into one entity.
KHC said that xAI has been revalued at $250 billion, while the estimated valuation of the merged entity is $1.25 trillion.
Kingdom Holding Co. (KHC) stated that the expected financial impact arising from its investment in xAI, following the recent merger between xAI and SpaceX, is an increase in the company’s net assets value (NAV) by SAR 11.6 billion, compared to the investment’s carrying value in the most recent interim financial statements.
In a statement to Tadawul, the company said that xAI has been revalued at $250 billion, while the estimated valuation of the merged entity is $1.25 trillion.
Based on the available information, KHC estimated that marking the investment in xAI’s value to the levels indicated by the merger would have a positive impact on the fair value reserve for investment at FVOCI.
According to data available on Argaam, US businessman Elon Mask recently announced a merger between xAI and SpaceX into one entity.
