"Alphabet, parent company of Google, has been one of the best-performing stocks of the year, up nearly 70%, and now has a market capitalization of $3.8 trillion. The company also happened to make what could turn out to be one of the most lucrative startup investments of all time, which could finally bear fruit next year. In 2015, Google invested around $900 million in SpaceX for a stake of around 7% in Elon Musk's space company, which was then valued at $12 billion."
"Even for a company as big as Google, SpaceX's success has already had a material impact on earnings. Earlier this year, Google reported an $8 billion gain from "non-marketable equity securities," which Bloomberg identified as SpaceX. That gain represented 25% of Google's net income for the first quarter of 2025. Google is one of the largest outside investors in SpaceX, along with VC firm Founders Fund and Fidelity."
Alphabet's market capitalization reached $3.8 trillion after a nearly 70% stock gain. Alphabet invested around $900 million in SpaceX in 2015 for about a 7% stake when SpaceX was valued at $12 billion. SpaceX is reportedly planning a public offering next year at a $1.5 trillion valuation, which would value Google's stake at roughly $111 billion. Google reported an $8 billion gain from non-marketable equity securities identified as SpaceX, representing 25% of net income in Q1 2025. Google is among the largest outside investors alongside Founders Fund and Fidelity. The 2015 investment targeted Starlink and faced initial technical and spectrum skepticism.
Read at Business Insider
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