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Saudi Fund’s SpaceX Stake Jumps to $6.83B After IPO Debut, Up $2.36B

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Saudi Arabia’s Kingdom Holding Co., a publicly traded, globally diversified investment holding company headquartered in Riyadh, said the value of its stake in SpaceX has climbed to about $6.83 billion after the aerospace company’s debut on Nasdaq, marking an unrealized gain of roughly $2.36 billion.