Global Holding is investing in a space company and a stock fund

Al-Alamiah Holding announced its investment in Falcon CIVLP Equity Fund and SpaceX.

SpaceX had confirmed, through its file submitted to the US Securities and Exchange Commission on February 23, that it had completed a $ 850 million equity financing round, raising the company's value to About $ 74 billion.

after the last financing round, the company's value increased by 60% compared to its last financing round in August of 2020, when SpaceX was valued at $ 46 billion at the time. According to a statement by the Abu Dhabi Securities Exchange.

In the second half of 2020, International Holding Company acquired 94% of the capital of Falcon CIVLP, a private equity fund headquartered in the islands. Cayman, an investor in the US space company SpaceX.

SpaceX designs, manufactures and launches rockets and spacecraft, and is currently working on building new models of the Starship missile, which represents the second generation of reusable missiles.

The company has two active spacecraft, "Dragon" and (Falcon 9), and is currently working on building Starlink, the satellite network that will work to provide satellite Internet through more From 12 thousand satellites covering the world.