"Alphabet ( NASDAQ:GOOG ) ( NASDAQ:GOOGL ) dominates the search engine market with over 90% share and powers billions of daily queries through Google Search. Its Google Cloud division has gained market share from leaders Amazon ( NASDAQ:AMZN ) and Microsoft ( NASDAQ:MSFT ). A lesser-known aspect is Alphabet also directly invests in public companies through its venture arms GV and CapitalG."
"Yet there is one sector where Alphabet has placed its biggest bets: space. According to McKinsey, the space sector is projected to reach $1.8 trillion by 2035, so it's not surprising Alphabet is attempting to cash in on the explosive growth expected. What's notable about Alphabet's space investments is that it has concentrated its focus on just two stocks , which comprise 45% of the portfolio's AUM at current valuations."
"AST SpaceMobile (ASTS) AST SpaceMobile builds a space-based cellular broadband network accessible directly by standard smartphones. Alphabet participated in a $155 million strategic investment round in early 2024 alongside AT&T ( ) and Vodafone ( ), supporting the company's satellite constellation development. Google collaborates on product development, testing, and implementation for network connectivity on Android devices. In the first quarter of 2025, Alphabet added 8.9 million shares valued at approximately $203 million."
Alphabet dominates search with over 90% market share and handles billions of daily queries through Google Search. Google Cloud has gained market share versus Amazon and Microsoft. Alphabet invests directly in public companies through venture arms GV and CapitalG, holding 38 stocks with about $2.5 billion in assets under management across healthcare, artificial intelligence, and technology. The largest concentrated bets are in the space sector, projected by McKinsey to reach $1.8 trillion by 2035, with two space stocks comprising 45% of the portfolio's AUM. AST SpaceMobile secured strategic funding and partnership support while Alphabet increased its stake in 2025.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]