Alphabet Gains 100x on SpaceX Investment
In 2015, Alphabet, the parent company of Google, invested approximately $900 million in SpaceX. Its stake is now valued at around $94 billion, which is about 86.5 times the original investment, following SpaceX’s IPO in June, when it was valued at nearly $86 billion. Alphabet currently owns about 551.2 million shares of SpaceX, reflecting a significant increase in the value of its investment and making it one of the largest early investments that has yielded substantial profits. Although SpaceX's share price declined slightly after the IPO, its stake still represents one of the largest ownership interests in the company, with Elon Musk holding 48.4% of the shares.
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