Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

This investment has never been secret.

Google (now under parent company Alphabet) invested roughly $900 million as the majority of a ~$1 billion funding round alongside Fidelity Investments. This gave Google an initial equity stake of about 7–7.5% in SpaceX at a valuation of roughly $10–12 billion.

100x return, I would sell immediately after this kind of gain, maybe that's why I am not a Google

6% is more than all of the issued IPO shares. They were 5%, right?

What’s that in data centers?

Didn’t they just raise $85B “for AI”?

https://archive.ph/kQtHB

Hopefully they made this investment pre-IPO at some vastly lower valuation because otherwise… …this is a not going to end well for them.

I am short both Google and SpaceX RN; SpaceX's IPO smells foul. Google is an AI-bubble short; Anthropic and OpenAI haven't IPOed yet.

Related: https://stackoverflow.com/q/79454372/63550

FIFY: Google discloses $94B loss