Nvidia Discloses $21 Billion Stake in SpaceX at End of Second Quarter
Alphabet’s disclosed stake makes it SpaceX’s largest institutional holder, with five investors accounting for most reported shares, Reuters analysis found.
- Alphabet disclosed a stake in SpaceX worth approximately $94.2 billion as of June 30, emerging as the largest single institutional shareholder following the rocket maker's public market debut in June.
- This massive holding stems from a roughly $900 million investment Alphabet made in 2015, a bet that has compounded more than 100-fold and now comprises 95% of the company's investment portfolio.
- Analysts caution that this $94 billion stake remains an illiquid paper profit until Alphabet actually sells shares, especially as SpaceX shares retreated 14% from their June peak.
- For the first time since the IPO, retail owners offloaded SpaceX stock on Friday, selling a net $4.5 million in shares according to data from Vanda Research.
- To bolster infrastructure, SpaceX will exclusively use Nvidia's graphics processing units in its AI data centers, with Elon Musk expecting a "significant allocation" of Vera Rubin GPUs next year.
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Alphabet's initial stake in SpaceX multiplied by more than 100 times, with Google's controller disclosing a stake worth about $94 billion at the end of June, compared to the $900 million investment it claimed to have made in Elon Musk's rocket company in 2015. Alphabet emerged as, by far, the largest individual institutional shareholder in SpaceX after the initial public stock offer (IPO) of $86 billion in June, according to a Reuters analysis i…
The shares of Google's mother Alphabet in Elon Musk's space company have grown significantly over the years. SpaceX's IPO has once again increased this value.
Alphabet Turned $900 Million in SpaceX Into $94 Billion -- Here's the Lesson for Investors
Alphabet made a quiet nine-figure bet on a rocket company that Wall Street once dismissed as a billionaire's vanity project, and what happened next rewrites the rulebook on how big tech actually builds long-term wealth.
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