Alphabet, Google’s parent, has been an investor in SpaceX since at least 2015, when it joined Fidelity Investments in a $1 billion funding round for a combined stake of about 10% at the time.

SpaceX is preparing to go public next year and has opened a secondary share sale that would value the company at $800 billion, Reuters reports.

The valuation vaults past the previous record of $500 billion that ChatGPT owner OpenAI set in October.

Alphabet, Google’s parent, has been an investor in SpaceX since at least 2015, when it joined Fidelity Investments in a $1 billion funding round for a combined stake of about 10%…