tldrdailynews.com logo

Google’s SpaceX windfall fuels near $100B unrealized gains, but AI race looms

1 min read
Source: Business Insider
Google’s SpaceX windfall fuels near $100B unrealized gains, but AI race looms
Photo: Business Insider
TL;DR

Alphabet’s early SpaceX stake is now worth about $94.1B, contributing to nearly $100B in unrealized gains as SpaceX’s valuation nears $1.5T after its IPO; Google also backs Anthropic and Databricks. Despite the windfall, earnings questions centered on capex and AI progress, with revenue up ~25% and the stock slipping ~1.2% as executives avoided discussing the investments on the call.

Topics:businesstechnology#ai-investments#alphabetgoogle#spacex#spacex-stock#technology#unrealized-gains
Share this article
  1. Google quietly made an extra $98 billion last quarter. Here's why.  Business Insider
  2. Google Discloses $94.1 Billion in SpaceX Stock, Marking 6% Stake  WSJ
  3. Google Says It Holds $94 Billion in SpaceX Shares After IPO  Bloomberg.com
  4. Dow Jones Top Company Headlines at 1 PM ET: Google Discloses $94.1 Billion in SpaceX Stock, Marking 6% Stake | American ...  富途牛牛
  5. Anthropic, SpaceX Hand Google Profit Windfall  Yahoo Finance

Want the full story? Read the original reporting

Read on Business Insider