Google Holds 6.11% SpaceX Stake Worth $100B at IPO

A regulatory filing in Alaska has disclosed that Alphabet Inc.'s Google unit held a 6.11 percent stake in SpaceX at the end of 2025, a position that could yield more than $100 billion if the rocket company proceeds with its anticipated initial public offering at a $2 trillion valuation.

The revelation emerged from Alaska's requirement for companies operating in the state to report shareholders with stakes of 5 percent or more. SpaceX, the private aerospace firm founded by Elon Musk in 2002, provided one of its rare glimpses into ownership details. According to the filing, Google and Musk, who controls about 40 percent, were the only entities required to disclose such holdings. Other early investors, such as Founders Fund, have since fallen below the threshold due to share dilution and sales.

Google's involvement dates to 2015, when it joined Fidelity Investments in a roughly $1 billion funding round that valued SpaceX at around $10 billion to $12 billion. The investment secured a combined 10 percent stake, aimed at supporting satellite connectivity and launch capabilities. Over the years, ownership has shifted; by 2020, Google's share stood at about 7.64 percent. Alphabet has...