Home / Business and Economy / Google's SpaceX Stake Soars to $94.1 Billion
Google's SpaceX Stake Soars to $94.1 Billion
23 Jul
Summary
- Google holds $94.1 billion in SpaceX shares.
- Google was an early investor in SpaceX.
- SpaceX's value has increased significantly recently.
Alphabet Inc.'s Google currently holds an equity stake valued at $94.1 billion in SpaceX. This substantial figure reflects the significant growth and success of the space and AI company. Google's involvement with SpaceX dates back to its early stages as an investor.
This early backing has proven lucrative, as SpaceX's increasing valuation has boosted Google's profits over the past few quarters. The blockbuster initial public offering (IPO) of SpaceX further underscores its market prominence and the success of Google's strategic investment in the aerospace sector.
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