The highly anticipated SpaceX initial public offering (IPO) could turn into one of the most profitable technology investments ever made by a Gulf investor.

Saudi billionaire Prince Alwaleed bin Talal, through Kingdom Holding Company and his private investment office, owns an estimated 0.63 per cent stake in Elon Musk's space company. As SpaceX moves closer to a public listing, the value of that investment could rise sharply, potentially exceeding $10 billion.

The prospect of such a gain has already generated excitement among investors and further highlights the growing role of Middle Eastern capital in some of the world's most valuable technology businesses.

Prince Alwaleed's Stake Could Be Worth More Than $10 Billion

Based on SpaceX's previously reported valuation of around $1.25 trillion, Prince Alwaleed and Kingdom Holding's combined stake is estimated to be worth approximately $8.3 billion.

However, if the company reaches its reported IPO target valuation of $1.75 trillion, the value of that holding could climb to around $10.6 billion.

That potential increase would make the investment one of the most successful bets in Kingdom Holding's portfolio and reinforce Prince Alwaleed's reputation as one of the region's most influential technology investors.

The expected windfall has also boosted investor sentiment around Kingdom Holding, with market participants closely watching developments surrounding the listing.

Why the SpaceX IPO Is Generating Global Attention

The SpaceX IPO is expected to be unlike any public offering seen before.

Reports suggest the company is targeting a valuation of approximately $1.75 trillion and could raise as much as $75 billion from investors. If achieved, it would surpass previous records and become the largest IPO in history.

The company is also expected to list on the Nasdaq stock exchange, with discussions around an indicative share price of about $135.

Investor interest is exceptionally high because SpaceX operates at the intersection of several fast-growing industries, including commercial space exploration, satellite internet, artificial intelligence and advanced communications.

Unlike many technology companies that go public, SpaceX already has a proven business model, strong revenues and a dominant market position in several sectors.

From Startup to Space Giant

Founded by Elon Musk in 2002, SpaceX started with an ambitious goal: making space travel more affordable and eventually enabling human life beyond Earth.

More than two decades later, the company has become one of the world's most valuable private businesses.

Its major products and services include:

  • Falcon reusable rockets
  • Dragon spacecraft
  • Starlink satellite internet network
  • Starship heavy launch system
  • Commercial and government space transportation services

SpaceX has transformed the economics of space launches by developing reusable rocket technology, significantly reducing launch costs and increasing mission frequency.

The company has also secured major contracts with NASA and the US government, cementing its role as a critical player in the global aerospace industry.

Starlink Has Become a Major Growth Engine

A large part of SpaceX's valuation is linked to the rapid growth of Starlink, the company's satellite internet business.

Starlink now serves millions of users around the world and continues to expand its coverage to remote and underserved regions.

Industry analysts believe recurring subscription revenue from Starlink could become one of SpaceX's most valuable assets over the coming years.

Funds raised through the IPO are expected to support several major initiatives, including:

  • Expansion of the Starlink network
  • Development of Starship technology
  • New artificial intelligence projects
  • Space-based communications systems
  • Future orbital infrastructure and services

These long-term growth opportunities are helping fuel investor enthusiasm ahead of the public offering.

Gulf Investors Are Playing a Bigger Role in Technology

The expected success of the SpaceX IPO also reflects a broader trend across the Gulf region.

Saudi Arabia, the UAE, Qatar and other regional investors have increasingly directed capital towards high-growth sectors such as:

  • Artificial intelligence
  • Space technology
  • Fintech
  • Robotics
  • Digital infrastructure
  • Advanced manufacturing

Prince Alwaleed's investment in SpaceX is one example of how Gulf investors are seeking long-term exposure to innovative companies shaping the future economy.

As regional wealth funds and private investors continue to diversify their portfolios, technology investments are becoming an increasingly important part of their strategies.

Elon Musk Remains the Biggest Winner

While Prince Alwaleed stands to benefit significantly, the biggest winner from the IPO is expected to be Elon Musk himself.

As founder and largest shareholder, Musk is likely to retain substantial voting power after the listing.

Other beneficiaries include:

  • Early SpaceX employees
  • Venture capital firms
  • Strategic investors
  • Long-term executives
  • Institutional shareholders

For many of these stakeholders, the IPO could unlock billions of dollars in value created over more than two decades of growth and innovation.

More Than Just an IPO

The SpaceX listing is about more than stock market records.

It reflects the growing importance of commercial space exploration, satellite communications and next-generation technologies in the global economy.

For Gulf investors, it is another sign that strategic investments in innovative industries can create enormous long-term value.

And for Prince Alwaleed bin Talal, the IPO could mark yet another milestone in a career built on identifying transformative businesses before they become global giants.

If SpaceX achieves its target valuation, the Saudi investor's stake could surpass $10 billion — a remarkable return from one of the world's most closely watched technology companies.