Alphabet's SpaceX Stake Soars 100-Fold to $94 Billion

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โดย Reuters·US·Read original
Summary · why it matters

Alphabet Inc. disclosed that its stake in Space Exploration Technologies Corp. was worth about $94 billion as of June 30, 2026, more than 100 times its original $900 million investment from 2015, making Alphabet by far SpaceX's largest single institutional shareholder following the company's June initial public offering. The stake, which has since shrunk to roughly $77.9 billion at SpaceX's August 13 price, is now one of the most lucrative early-stage bets in tech history, dwarfing the next-largest disclosed rival holder, Saudi Arabia's Public Investment Fund, whose 154.1 million shares were worth $26.3 billion at the same date. However, the stake's size introduces new risks: Alphabet's earnings could see real volatility from SpaceX's stock swings, and ownership is highly concentrated, with Alphabet, Fidelity, Gigafund Management, Baillie Gifford, and BlackRock together holding nearly three-quarters of all reported institutional shares, while Elon Musk owns a 48.4% stake. Retail investors became net sellers of SpaceX stock for the first time since the IPO, selling a net $4.5 million, according to Vanda Research, an early signal of shifting sentiment. Alphabet's Class A shares were held by 265 hedge funds as of Q1 2026, down from 288.

Impact on stocks 8

Artificial Intelligence▲ · 3 stocks
Alphabet Inc Class C
GOOG
± MixedCapitalrelevance

Alphabet's SpaceX stake is now worth $94B, a huge gain, but introduces volatility risk to earnings.

Digital Finance & Tokenization▲ · 2 stocks
Space Economy▼ · 1 stocks
Energy▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 4

Baillie Gifford & CoPrivate± Mixed
relevance

Gigafund ManagementPrivate± Mixed
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Public Investment FundPrivate± Mixed
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Vanda ResearchPrivate± Mixed
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