Reuters: Alphabet's SpaceX stake surges 100-fold in a decade to $94 billion
Alphabet's $900 million bet on SpaceX in 2015 has ballooned more than 100-fold to a $94 billion stake as of June 30 — a reminder of how richly the market now prices Musk's rocket venture as Tesla-SpaceX merger chatter persists.
A Reuters analysis of the latest institutional filings shows Alphabet, Google's parent, made a $900 million bet on SpaceX back in 2015 — a bold gamble on Elon Musk's rocket company at the time.
That stake has since ballooned to roughly $94 billion as of June 30, based on Alphabet's 551.2 million SpaceX shares priced at $170.86, the June 30 mark — a return of more than 100-fold over the decade.
SpaceX went public in June at an $86 billion valuation. Following the IPO, Alphabet emerged as SpaceX's single largest institutional holder, cementing its status as an early believer that stuck around.
The soaring valuation also puts a spotlight on Musk's own 48.4% SpaceX stake (worth nearly $900 billion by a recent filing) and keeps market chatter about a potential Tesla-SpaceX merger anchored to an ever-higher baseline. Since SpaceX remains privately held, even Alphabet can't cash out the stake yet.
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