SpaceX’s strong IPO debut significantly boosted the wealth of Saudi billionaire Prince Alwaleed bin Talal, whose investment firm holds 42.4 million SpaceX shares worth about $6.8 billion.

The surge pushed the value of Kingdom Holding higher, with the $SPCXB stake now accounting for nearly half of the firm's market value.

Alwaleed’s net worth has climbed above $27 billion, reaching its highest level in more than a decade.

His exposure to SpaceX stems from years of backing Elon Musk’s ventures, including rolling over his investment during Twitter’s acquisition and later gaining stakes linked to xAI and SpaceX.