Elon Musk long had a wish on Warren Buffett: He has wanted him as a shareholder
Berkshire Hathaway has acquired an indirect investment in SpaceX, valued around seven hundred million dollars, through its ownership of Alphabet shares. While this stake is relatively small in the grand scheme of Berkshire's extensive asset collection, it highlights how Alphabet's holdings contribute significantly to its overall market worth, showcasing the interconnectedness of these major…
In June, Warren Buffett's Berkshire Hathaway indirectly acquired a \$800 million stake in SpaceX through its 0.9% ownership in Alphabet. This indirect ownership, known as a "look-through stake," exists because Berkshire holds part of Alphabet, which itself owns a 4% stake in SpaceX. At the end of June, Alphabet's SpaceX investment was valued at $94 billion, making Berkshire's indirect stake worth roughly $700 million following declines in Alphabet and SpaceX stock prices.
This indirect ownership represents about 0.04% of SpaceX, a negligible position for Berkshire but a significant one for Alphabet, accounting for around 2% of the company's total market value. Despite Musk repeatedly urging Buffett to invest in Tesla, and Buffett joking about investing in Tesla's Chinese rival BYD, there is no indication of a direct SpaceX investment from Berkshire.
Elon Musk and Warren Buffett have a long-standing relationship marked by admiration, friendly disagreement, and mutual respect.
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