Google’s parent company, Alphabet (NASDAQ: GOOGL), has increased its exposure to Elon Musk’s SpaceX (NASDAQ: SPCX), adding millions of shares … Continue reading
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Alphabet would have brought to about $69 billion the value of its stake in SpaceX after adding almost 4 million shares. The company also agreed to pay monthly for access to Nvidia’s GPU, a decision that connects its Gemini Enterprise strategy with external infrastructure and puts the challenge of turning that spending into demand and revenue in the forefront.