Google Says it Holds $94 Billion in SpaceX Shares After IPO

Google disclosed that Alphabet’s equity holdings include $94.1B in SpaceX shares following SpaceX’s blockbuster IPO. The update is modestly positive for Alphabet’s balance-sheet mark-to-market and signals strong valuation momentum for the space venture, though it is unlikely to be sector-moving on its own.

Analysis

Google disclosed that Alphabet’s equity holdings include $94.1B in SpaceX shares following SpaceX’s blockbuster IPO. The update is modestly positive for Alphabet’s balance-sheet mark-to-market and signals strong valuation momentum for the space venture, though it is unlikely to be sector-moving on its own.