Alphabet Poised for $100 Billion Windfall on SpaceX Investment

An early investment in SpaceX has positioned Alphabet Inc. for a 12-figure windfall, a new filing shows, underscoring the vast wealth likely to be created by the rocket company’s market debut.

Google LLC owned a 6.11% stake in Elon Musk’s company at the end of 2025, according to a new disclosure the space startup filed this week in Alaska, where firms must report holders with stakes of 5% or more. At a $2 trillion valuation, which SpaceX hopes to exceed in its initial public offering, a holding of that size would be worth $122 billion.

Google’s stake has likely ...