Google’s SpaceX windfall fuels near $100B unrealized gains, but AI race looms
TL;DR Summary
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.
- Google quietly made an extra $98 billion last quarter. Here's why. Business Insider
- Google Discloses $94.1 Billion in SpaceX Stock, Marking 6% Stake WSJ
- Google Says It Holds $94 Billion in SpaceX Shares After IPO Bloomberg.com
- 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
- Anthropic, SpaceX Hand Google Profit Windfall Yahoo Finance
Reading Insights
Total Reads
1
Unique Readers
15
Time Saved
3 min
vs 3 min read
Condensed
90%
562 → 59 words
Want the full story? Read the original article
Read on Business Insider