Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
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Google disclosed a $94.1 billion stake in SpaceX, marking a 6% holding.
The Wall Street Journal reports that Google disclosed $94.1 billion in SpaceX stock as part of its earnings, representing a 6% stake. The disclosure includes $80 billion in shares subject to short-term restrictions and $14.1 billion subject to long-term restrictions. Google originally invested approximately $900 million for about a 7% stake in 2015, when SpaceX was valued at around $12 billion. The stake is now worth roughly 100 times that investment.
What commenters are saying
Commenters note Google's 100x return on a ~$900 million investment from 2015, when SpaceX was valued at ~$12 billion. Many point out the stock is locked up and cannot be sold immediately. Some question the timing of the disclosure alongside Google's $85 billion AI raise. Several commenters caution against shorting Google, citing its record quarterly profits and strong business fundamentals. A few dismiss concerns about the stake's size being 2.4% of Google's market cap, making even a total loss negligible.