Riyadh – Mubasher: The Saudi Public Investment Fund (PIF) has explored the possibility of becoming a cornerstone investor in SpaceX’s initial public offering (IPO) on the Nasdaq stock exchange, according to a press release.
With a reported valuation approaching $2 trillion, SpaceX’s offering is emerging as one of the most closely watched capital market events in recent years.
The listing would rank among the largest public offerings ever and could reshape investor access to some of the world’s fastest-growing technology sectors, including AI, satellite communications, advanced computing, and space infrastructure.
“SpaceX offers Gulf investors exposure to several of the most powerful secular growth themes shaping the global economy, from AI infrastructure and satellite connectivity to next-generation data networks,” said Razan Hilal, Market Analyst, CMT at FOREX.com.
Hilal noted, "However, investors should recognize that the same factors driving enthusiasm also create risk. At these valuation levels, the investment case remains highly sensitive to liquidity conditions, interest rates, and broader market sentiment.”
Kingdom Holding Company holds a 0.34% stake in SpaceX, with a carrying value of SAR 16.76 billion ($4.47 billion) based on its financial statements as of 31 March 2026.
Following the IPO, the company expected its stake in Space X would increase to SAR 21.26 billion ($5.67 billion), representing an additional increase of SAR 4.50 billion ($1.20 billion) over the current book value.
