Alphabet poised for $100 billion windfall on SpaceX investment
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Alphabet's subsidiary Google is poised for a $122 billion windfall due to its 6.11% stake in SpaceX, as the space company prepares for a potential $2 trillion valuation in its initial public offering. SpaceX's IPO is expected to be the largest ever, with a target listing date in June.
Alphabet's Google is set to benefit significantly from its early investment in SpaceX. According to a recent filing, Google owned a 6.11% stake in SpaceX at the end of 2025. At a $2 trillion valuation, this stake would be worth $122 billion. SpaceX has filed confidentially to go public, targeting a June listing, and is expected to raise up to $75 billion. The IPO would make Elon Musk the world's first trillionaire and create huge returns for early investors. Google initially invested in SpaceX in 2015, joining Fidelity Investments in a $1 billion funding round. Alphabet reported an $8 billion boost to profits from its stake in SpaceX in the first quarter of 2025.
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