Alphabet's SpaceX bet grows 100-fold over a decade to $94 billion
Alphabet's early investment in SpaceX has grown exponentially over a decade, reaching a value of around $94 billion as of June 2021. This constitutes the largest single institutional holding of SpaceX, according to a Reuters analysis. Alphabet's stake increased from a $900 million investment made in 2015 to its current value, which is about 86.5 times the initial Google investment.
Other notable investors of SpaceX include Fidelity Investments, Saudi Arabia's sovereign wealth fund, the Public Investment Fund, and Hancock Prospecting. SpaceX went public on June 12, 2021, at $135 per share, with its shares trading near $141.29 on Thursday.
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- Alphabet's SpaceX bet grows 100-fold over a decade to $94 billion economictimes.indiatimes.com
- Alphabet's SpaceX bet grows 100-fold over a decade to $94 billion finance.yahoo.com
- Alphabet's SpaceX bet grows 100-fold over a decade to $94 billion channelnewsasia.com
