How a $900 million bet on SpaceX turned 100x into $94 billion for Alphabet
Alphabet SpaceX investment
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- Economic Times·9h agoHow a $900 million bet on SpaceX turned 100x into $94 billion for Alphabet
Alphabet's initial $900 million SpaceX investment is now worth approximately $94 billion. This significant return makes Alphabet the largest institutional shareholder in the rocket company. Other early backers like Fidelity Investments and Saudi Arabia's PIF also hold…
Read at Economic Times → - Globe and Mail Biz·15h agoAlphabet’s SpaceX stake hit $94-billion, a more than 100-fold jump since 2015
Google’s parent remains the rocket maker’s largest institutional investor, having invested $900-million more than a decade ago
Read at Globe and Mail Biz → - ET Tech·16h agoAlphabet's SpaceX bet grows 100-fold over a decade to $94 billion
Alphabet has emerged as by far the largest single institutional holder of SpaceX following its $86 billion IPO in June, according to a Reuters analysis of quarterly filings made public so far. The filings shed new light on the scale of positions acquired by SpaceX's backers…
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