Saudi Prince Al-Waleed bin Talal and the “AlMamlakah” company under his control may be among the big beneficiaries of the planned giant IPO of SpaceX, Elon Musk’s space company.
The Saudi company revealed that it holds, together with Al-Waleed’s private office, which some claim is the "partner" of Crown Prince Mohammed bin Salman, a combined stake of 0.63% in SpaceX. According to the company, the value of the holding stands at $8.32 billion based on a company valuation of $1.25 trillion and could rise to $10.55 billion if SpaceX is listed at a valuation of $1.75 trillion.
This means that Al-Waleed’s investment bet on Musk’s companies—first on Twitter/X and later also on xAI and SpaceX—may become one of the most prominent moves by a Saudi investor in American technology companies.
For Saudi Arabia, this story reflects the gradual shift of Saudi capital towards deep investments in technology, artificial intelligence, satellites, and global communication infrastructure.