Alphabet's SpaceX bet grows 100-fold over a decade to $94 billion

Alphabet disclosed a stake in SpaceX worth about $94B at end-June, up from an initial $900M investment disclosed in 2015—an increase of more than 100x. The disclosure reinforces the value of Alphabet’s early bets on private space assets and is broadly supportive for sentiment, though the impact is unlikely to be market-wide.

Analysis

Alphabet disclosed a stake in SpaceX worth about $94B at end-June, up from an initial $900M investment disclosed in 2015—an increase of more than 100x. The disclosure reinforces the value of Alphabet’s early bets on private space assets and is broadly supportive for sentiment, though the impact is unlikely to be market-wide.