Breaking: Google Reveals Massive $94 Billion Stake In Elon Musk’s SpaceX

Google’s parent company, Alphabet, has revealed the size of its massive investment in Elon Musk’s SpaceX. In its latest SEC filing, the company revealed it had a huge $94 billion bet on the rocket manufacturer.

Google Holds Humongous Stake In Elon Musk’s SpaceX

This stake was disclosed in Alphabet’s second-quarter 10-Q filing. It was the first time since the aerospace company went public on June 12 that it appraised its SpaceX stake.

Alphabet has approximately $80 billion worth of its shares held under short-term restrictions in its SpaceX holding. Stakes left unfilled amount to $14.1 billion, and these are locked up for the long term. Those restrictions will remain in place until the third quarter of 2027.

The investment process started with January 2015. Google teamed up with Fidelity to invest $1 billion into SpaceX. Google’s contribution was estimated to be $500 Million to $900 Million.

SpaceX was valued at approximately $12 billion at that time. Google was investing in a satellite internet network. The agreement gave Google an initial 7.5% stake in the private space company.

Thereafter, SpaceX went on to raise a number of rounds over the coming decade. With the funds, the company plans to expand its satellite network called Starlink and work on its Starship program.

There were also massive corporate level changes for SpaceX. It rounded off a mega-merger with Elon Musk’s artificial intelligence startup, xAI, in February 2026. The merger would have a private valuation of $1.25 trillion.

After the deal and other equity adjustments, Alphabet had an effective ownership stake of approximately between 4.9% to 5% prior to going public with SpaceX.

SpaceX operated in stealth mode for several years. Alphabet thus took the investment on conservative private valuation marks. The latest filing gave the clearest public indication of the holding’s growth, with the filing of regulatory documents giving hints in the past.

Alphabet Reports Huge Gains After SPCX Stock IPO

SpaceX stock was selling for an initial price of $135 per share when the company went public in June. The initial amount of the listing was set at $1.77 trillion. Major investors, such as Alphabet, Fidelity and venture funds, were still unable to sell their shares straight away.

Alphabet also reported quietly that it has seen a massive spike in investment gains. The company had $98 billion of “other income” in the second quarter. The amount was from unrealized gains on investments, it said.

Alphabet did not give specific details about the improvements. But the growth is majorly attributed to investments in startups such as SpaceX, Anthropic and Databricks.

Google’s parent company is also a prominent investor in Anthropic. As of March, the company held approximately 14% of the AI company, according to recent filings. After the $65 billion round in May, Anthropic’s valuation has surged to almost $1 trillion. Others have put the figure at $1.2 trillion.

Now, SpaceX’s gamble by Alphabet is one of the largest investment victories that’s hidden in a corporate balance sheet.