Alphabet’s Google holds $94.1 billion in SpaceX shares following the space and artificial intelligence company’s blockbuster initial public offering, according to a Bloomberg report.
Google was an early investor in SpaceX and now holds an estimated 6% stake in the company. Alphabet disclosed the value of the position in a quarterly filing published Thursday.
Of the total holdings, $80 billion in SpaceX shares remain subject to short term sale restrictions. Another $14.1 billion is covered by longer restrictions that will remain in place through the third quarter of 2027. Such restrictions commonly prevent early investors from selling shares immediately following an IPO.
SpaceX went public in June through the largest listing in Nasdaq’s history. Its shares initially rose to $135 on their first trading day, valuing the company at about $2.1 trillion.
The increased value of Alphabet’s equity portfolio contributed to a $98 billion net unrealized gain during the second quarter, significantly boosting the company’s reported net income.
