Key facts
- Alphabet disclosed a SpaceX stake valued at approximately $94 billion as of June 30.
- This stake represents a more than 100-fold increase from Alphabet's initial $900 million investment in 2015.
- Alphabet holds 551.2 million SpaceX shares, making it the largest institutional investor.
- SpaceX stock surged 9.65% to $146.15, nearing the $150 level.
- Elon Musk holds a 48.4% stake in SpaceX and controls 82% of its voting power.
Alphabet has revealed its stake in Elon Musk's SpaceX has grown to approximately $94 billion, a more than 100-fold increase from its initial $900 million investment in 2015. The disclosure, made in quarterly filings, positions Alphabet as SpaceX's largest single institutional holder. The value of Alphabet's holding was based on SpaceX's June 30 share price of $170.86. SpaceX's stock itself surged 9.65% to $146.15, nearing the $150 mark, following the news and Elon Musk's optimistic AI revenue forecasts. Musk disclosed he holds a 48.4% stake in SpaceX, with significant voting power. SpaceX went public on June 12 at $135 per share, and while its shares have since retreated from their end-June valuation, they remain above the IPO price. Retail investors have recently become net sellers of the stock.