Alphabet poised for $100B windfall on SpaceX investment, Bloomberg says

An early investment in SpaceX has positioned Alphabet (GOOG) (GOOGL) for a 12-figure windfall, Bloomberg’s Biz Carson and Tom Maloney report, citing a new filing. Google LLC owned a 6.11% stake in Elon Musk’s company at the end of 2025, according to a new disclosure. At a $2 trillion valuation, which SpaceX hopes to exceed in its initial public offering, a holding of that size would be worth $122B. Google’s stake has likely been diluted following the February merger of SpaceX with xAI, Musk’s AI and social media company. It now likely owns roughly 5% of SpaceX following the transaction, according to Bloomberg calculations, which would be worth $100B at a $2 trillion IPO valuation.