Looking For a Way to Profit from the SpaceX IPO? This Top AI Stock Owns a $100 Billion Stake in the Elon Musk-led Rocket and Satellite Leader.
SpaceX is expected to go public later this year with a potential $2 trillion valuation, and Alphabet's Google owns a significant stake in the company. Google's 5% stake in SpaceX could be worth $100 billion if the valuation is achieved.
SpaceX is expected to be the largest initial public offering (IPO) in history, with a potential $2 trillion valuation. The company plans to use the IPO proceeds to expand its Starlink satellite network and fund rocket development and AI initiatives. Alphabet's Google owns a 5% stake in SpaceX, which could be worth $100 billion at the targeted valuation. Google's investment in SpaceX was made in 2015, and its stake may have been diluted after SpaceX merged with Elon Musk's AI startup xAI. Google's cloud business is also growing rapidly, driven by demand for AI infrastructure. The company's cloud revenue surged 48% year over year to $17.7 billion in the fourth quarter.
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