{"id":109655,"date":"2026-06-07T00:00:00","date_gmt":"2026-06-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=109655"},"modified":"2026-06-07T02:59:37","modified_gmt":"2026-06-07T02:59:37","slug":"update-what-we-know-so-far-about-the-spacex-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/07\/update-what-we-know-so-far-about-the-spacex-ipo\/","title":{"rendered":"UPDATE- What we know so far about the SpaceX IPO"},"content":{"rendered":"

The SpaceX picture has firmed up since<\/strong> we reported<\/a><\/strong> that a handful of Saudi investors were sitting on a windfall<\/strong>.<\/strong> SpaceX\u2019s amended SEC filing<\/a> now puts the USD 75 bn price tag in black and white, a fresh mega-deal has bolstered the AI story underpinning the valuation, and Kingdom Holding's (KHC) share-price tear has already started to wobble.<\/p>\n

\n

The official numbers<\/p>\n

KHC <\/strong>disclosed<\/a><\/strong> on Thursday that it holds a 0.34% direct stake in <\/strong>SpaceX<\/strong>, carried at SAR 16.76 bn (USD 4.47 bn) on its books as of end-March. Should the listing value SpaceX at USD 1.75 tn, that stake would be worth about SAR 21.26 bn (USD 5.67 bn) \u2014 a SAR 4.5 bn (USD 1.2 bn) increase from current book value. The filing also confirmed Prince Alwaleed bin Talal personally holds a further 0.29%.<\/p>\n

The man at the center: <\/strong>Bin Talal\u2019s net worth now sits at a decade high of some USD 24.5 bn on the Bloomberg B\u2019naire Index. Bloomberg<\/a> values his personal SpaceX slice at roughly USD 3.2 bn (after a 5% liquidity discount), though the prince himself puts it closer to USD 4 bn \u2014 more than seven times what he originally committed.<\/p>\n

BUT- The windfall is already proving bumpy<\/strong>, as the KHC tear has cooled. The stock shed about 5% to SAR 14.6 in Thursday\u2019s session. It doesn\u2019t help that the SpaceX listing is landing into jittery tape as the Nasdaq fell 4% on Friday in a chip-led tech sell-off, logging its worst day since April 2025.<\/p>\n

\n

On the IPO<\/p>\n

The investor roadshow is expected to run this week<\/strong>, with pricing penciled in for 11 June and trading kicking off 12 June on the Nasdaq and Nasdaq Texas under the ticker SPCX. SpaceX still hasn't confirmed the timeline publicly.<\/p>\n

Underwriters also hold an option on up to 83.3 mn extra shares<\/strong>, which could push the total raised to USD 86 bn.<\/p>\n

PLUS- One governance flag for new holders: <\/strong>A dual-class structure leaves Elon Musk with 82.4% of the voting power, making SpaceX a \u201ccontrolled company\u201d able to skip some Nasdaq governance rules.<\/p>\n

\n

\n

ALSO- The AI thesis just got a USD 920 mn-a-month boost.<\/strong> SpaceX signed Google up<\/a> on Friday to rent its compute capacity for USD 920 mn a month over 32 months, from October through June 2029, covering roughly 110k Nvidia GPUs. It follows a similar arrangement inked with Anthropic in May for the Colossus 1 data center in Memphis.<\/p>\n

Why it matters:<\/strong> The USD-tn tag is an AI valuation at heart. Musk has spent the run-up to listing stitching together revenue deals to show the AI build-out is starting to pay its way. Remember, xAI lost USD 2.5 bn on just USD 818 mn of revenue in 1Q.<\/p>\n","protected":false},"excerpt":{"rendered":"

KHC disclosed on Thursday that it holds a 0.34% direct stake in SpaceX<\/p>\n","protected":false},"author":1,"featured_media":109656,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2542],"tags":[10,29,4947],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-109655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-enterpriseam-ksa","tag-ipo-watch","tag-spacex","wpautop","entry"],"acf":{"mongo_id":"cf76bb22-de54-462c-8eea-a2b223e33b47","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/6\/376.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UPDATE- What we know so far about the SpaceX IPO","related_issue":[109648],"teaser":"KHC disclosed on Thursday that it holds a 0.34% direct stake in SpaceX"},"yoast_head":"\nUPDATE- What we know so far about the SpaceX IPO - 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