Financial statements as of March 31 showed the Saudi company held 42.4 million SpaceX Class A shares with a book value of $4.47 billion, implying a higher fair value at last Friday’s closing price.
Kingdom Holding disclosed in financial statements as of March 31 that it owns 42.4 million shares of SpaceX Class A common stock. The Saudi company carried the holding at a book value of $4.47 billion, while a valuation based on SpaceX’s closing price of $160.95 last Friday put the stake’s fair value at about $6.83 billion, or 25.60 billion Saudi riyals. The gap highlights how market pricing can exceed the value recorded on financial statements.