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Saudi's Kingdom Holding stock pares gains after meteoric rise ahead of SpaceX IPO

Summary by Zawya
Kingdom Holding's stake in the U.S. rocket company could be worth nearly $6 ​billion once it ​completes what would be the largest initial public offering on record
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2 Articles

Hello, Elon Musk is entering the stock market with his company SpaceX with great expectations. The proceeds from the sale of shares are expected to reach $ 75 billion, which would mean breaking the record from 2019, when the mining company Saudi Aramco went public. The company, which covers space flights, Starlink satellites and the development of artificial intelligence, would also be ranked in the top ten […]

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Zawya broke the news on Thursday, June 4, 2026.
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