Alphabet's Google says its SpaceX stake is now worth $94.1bn after the IPO, most of it locked up. Its investments gained nearly $100bn in Q2.

Google booked a huge paper gain from startup investments likely including SpaceX and Anthropic.

A $99 billion markup on stakes in Anthropic and SpaceX delivered more than two-thirds of Alphabet's stunning $112 billion profit.

Alphabet's net income surged to $112.1 billion ($9.11 per share), heavily boosted by a $98 billion unrealized equity gain from SpaceX.

Alphabet's record profit driven by investments in SpaceX and Anthropic, but rising AI spending concerns investors.

Alphabet's Google says its SpaceX stake is now worth $94.1bn after the IPO, most of it locked up. Its investments gained nearly $100bn in Q2.

Alphabet holds roughly $94B in SpaceX shares after the historic $75B IPO, with $80B locked up and a $920M monthly GPU deal deepening ties.

Alphabet's $900M investment in SpaceX from 2015 is now worth $94.1B after SpaceX's IPO at a $1.77 trillion valuation, driving $99B in Q2 2026