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Alphabet's SpaceX Stake Puts Fresh Focus On Non Core Value [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Alphabet NasdaqGS:GOOGL holds a multi billion dollar stake in SpaceX. SpaceX is reportedly preparing for a record setting IPO targeted for 2026. Potential IPO valuation is cited at up to US$2t, implying Alphabet's interest could be worth well over US$100b. The stake ties Alphabet to SpaceX's Starlink business and creates touchpoints with Google Cloud. Alphabet is best known for Google Search, YouTube, Android, and Google Cloud, but the company also maintains a portfolio of equity investments in other technology businesses. The reported SpaceX IPO plans draw fresh attention to these non core holdings, which can be large in scale relative to many listed companies. For investors, this adds another layer to how Alphabet's overall asset base is viewed. The potential SpaceX listing also highlights a link between satellite connectivity through Starlink and Alphabet's cloud and data infrastructure capabilities. If the IPO proceeds as reported and public pricing becomes available, i
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