Alphabet's (GOOGL) Stake in SpaceX Valued at $122 Billion
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowA 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.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Alphabet Inc. (Class A) (GOOGL)
Alphabet is the parent of Google, generating most of its revenue from search and advertising while expanding in cloud computing, YouTube, and AI. Class A shares (GOOGL) carry voting rights.
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