Alphabet's SpaceX stake: $900M investment now worth $94B
Google's parent company originally put $900 million into Elon Musk's rocket business in 2015, multiplying its money more than 100 times. Official filings reveal Alphabet owned 551.2 million shares by late June, making it the biggest institutional investor following SpaceX's recent stock market debut. Saudi Arabia's sovereign wealth fund also reported a $26.3 billion stake, while Musk himself retains nearly half the business.
What led to this story?
The app traces any story back through what it assumes you already know — one tap at a time.
Get BriefTea Free · no ads · no paywall