Alphabet Discloses $94 Billion Stake in SpaceX
Google parent Alphabet (GOOG) revealed it holds approximately $94.1 billion worth of shares in SpaceX (SPCX), representing about a 4% stake based on the company's second-quarter market cap of $2.2 trillion. The investment was disclosed as part of its Q2 earnings report, with most of the stock subject to short-term restrictions until at least September 2027. Tesla (TSLA) also reported holding around $3 billion in SpaceX shares, while Nvidia (NVDA) and Cisco Systems (CSCO), likely shareholders due to their early investment in xAI—now merged with SpaceX—are expected to hold stakes as well. The recent decline in SpaceX's stock price has reduced the value of these tech giants' holdings. The first wave of lock-up expirations for SpaceX shares is set for August 6, just two days before the company reports its earnings as a public entity.
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Topics: Alphabet Investments SpaceX Stock Restrictions