Alphabet's (GOOGL) Stake in SpaceX Valued at $122 Billion

AI Summary

A recent regulatory filing in Alaska reveals that Alphabet Inc. (GOOGL) holds a 6.11% stake in SpaceX, valued at approximately $122 billion. This stake originated from a joint investment with Fidelity in 2015, amounting to about $1 billion at a valuation of $12 billion for SpaceX. The filing highlights significant growth in SpaceX's valuation, driven by its expansion in satellite connectivity and commercial launches. As SpaceX moves towards a potential IPO, which could reach a valuation close to $2 trillion, Alphabet's investment could become one of its most profitable assets.