Following its historic initial public offering, reports indicate that Google Holds holds approximately $94 billion in SpaceX shares.
94 billion
Reported value of Google Holds's stake in SpaceX.
While estimates vary slightly between sources, the valuation has been reported at both $94 billion and $94.1 billion.
Reports from some sources indicate that this stake represents 6% of SpaceX's total ownership.
Market Impact and Competition
According to Barron's, Alphabet is identified as a significant loser in the recent SpaceX valuation shift.
Updates
SpaceX's June IPO valued the company at nearly $1.77 trillion, making it the largest public offering in history with an initial price of $135 per share. Following its debut, the stock reached a peak market capitalization of $2.1 trillion before recently trading at $112.13, bringing its valuation to approximately $1.52 trillion. Additionally, while reports remain disputed regarding current share prices and ownership percentages, documents indicate Google Holds Reports holds $80 billion in shares subject to short-term restrictions, with the first lock-up expiration scheduled for August 6.
SpaceX’s IPO in June valued the company at approximately $1.77 trillion, making it the largest in history with shares debuting at $135. While the stock initially surged, reaching a market capitalization peak of $2.1 trillion, it has since traded down to $112.13, reflecting a market valuation of roughly $1.52 trillion. Sources further indicate that the first share lock-up period is scheduled to expire on August 6, following the company's upcoming earnings report.
The reported $94 billion stake is subject to specific constraints, with $80 billion in shares under short-term restrictions and $14.1 billion under long-term restrictions through Q3 2027. Google faces a $21.9 billion tax bill linked to paper gains, which accounted for $6.26 of its $9.11 earnings per share this quarter. Additionally, while shares debuted at $135, they have seen volatility, with current market reports suggesting a valuation decrease to approximately $1.52 trillion and shares trading near $112, though sources dispute the exact closing price.
