Logo ofKingdom Holding Co. (KHC)
Kingdom Holding Co. (KHC) said that SpaceX completed its initial public offering (IPO) and listed shares on Nasdaq on Friday, June 12, 2026, at an IPO price of $135 per share, closing its first trading day at $160.95. 
KHC said it currently owns 42.41 million Class A ordinary shares in SpaceX, with a book value of $4.47 billion (SAR 16.76 billion), according to the company’s financial statements as of March 31, 2026.
Based on Friday’s closing price of $160.95 per share, the fair value of the company’s stake stands at nearly $6.83 billion (SAR 25.60 billion), according to the company’s statement to Tadawul.
Under the IPO terms, KHC’s shares in SpaceX are subject to a lock-up period of up to 180 days from the listing date, with certain early release provisions, subject to conditions including SpaceX’s earnings announcements and share price performance levels.
The company said it has been a long-term investor in this asset since its initial investment in Twitter, currently “X,” in 2011, along with its early investment in xAI, which later acquired X and subsequently merged with SpaceX. KHC added that it continues to believe in SpaceX’s promising long-term future. The investment is classified under the company’s non-current assets as a fair value through other comprehensive income (FVOCI) investment.
Following the successful listing, the company indicated that the IPO may lead to the reclassification of its investment in SpaceX from Level 3 to Level 1 within the fair value hierarchy under IFRS 13, as the shares have become traded in an active market.
The investment will be measured in the future at fair value based on the prevailing share price in each financial reporting period, KHC added.
KHC recently unveiled the latest developments related to its investment in SpaceX, noting at the time that it owned a 0.34% stake in SpaceX, data compiled by Argaam showed.
Logo ofKingdom Holding Co. (KHC)
Kingdom Holding Co. (KHC) said that SpaceX completed its initial public offering (IPO) and listed shares on Nasdaq on Friday, June 12, 2026, at an IPO price of $135 per share, closing its first trading day at $160.95.
KHC said it currently owns 42.41 million Class A ordinary shares in SpaceX, with a book value of $4.47 billion (SAR 16.76 billion), according to the company’s financial statements as of March 31, 2026.
Based on Friday’s closing price of $160.95 per share, the fair value of the company’s stake stands at nearly $6.83 billion (SAR 25.60 billion), according to the company’s statement to Tadawul.
Under the IPO terms, KHC’s shares in SpaceX are subject to a lock-up period of up to 180 days from the listing date, with certain early release provisions, subject to conditions including SpaceX’s earnings announcements and share price performance levels.
The company said it has been a long-term investor in this asset since its initial investment in Twitter, currently “X,” in 2011, along with its early investment in xAI, which later acquired X and subsequently merged with SpaceX. KHC added that it continues to believe in SpaceX’s promising long-term future. The investment is classified under the company’s non-current assets as a fair value through other comprehensive income (FVOCI) investment.
Following the successful listing, the company indicated that the IPO may lead to the reclassification of its investment in SpaceX from Level 3 to Level 1 within the fair value hierarchy under IFRS 13, as the shares have become traded in an active market.
The investment will be measured in the future at fair value based on the prevailing share price in each financial reporting period, KHC added.
KHC recently unveiled the latest developments related to its investment in SpaceX, noting at the time that it owned a 0.34% stake in SpaceX, data compiled by Argaam showed.
