Alphabet is poised for a massive windfall from its early investment in SpaceX, with its stake now estimated to be worth around $100 billion, as per a report by Bloomberg. The potential gain highlights how one of Silicon Valley’s early bets on private space companies could now deliver one of the biggest returns in recent years.According to a recent filing, Google—Alphabet’s core business—held a 6.11% stake in SpaceX at the end of 2025. However, that stake is believed to have fallen to around 5% after the company’s merger with xAI earlier this year. Even with this dilution, the value of Alphabet’s holding in the company remains extremely high, given that SpaceX is preparing for a potential initial public offering (IPO) soon. The Bloomberg report said that if SpaceX’s IPO is worth about $2 trillion, Alphabet’s stake could be worth close to $100 billion.This would be a huge increase in value from its original investment and show how much wealth is being created in the private tech and space sectors.Early investments are now paying off big time. Alphabet first invested in SpaceX in 2015, when the company was worth about $10 billion. Since then, SpaceX has become one of the most valuable private companies in the world, thanks to its launch services, satellite internet business Starlink, and strong demand for space infrastructure.
Elon Musk’s wealth to get boost from SpaceX IPO
The filing also showed that Elon Musk remains the company’s largest shareholder, with an estimated stake of around 40%. The IPO could significantly boost his wealth further, while also creating large gains for other early investors and employees. According to reports, SpaceX is planning to raise up to $75 billion through its public listing, which could make it one of the biggest IPOs ever. The company is expected to benefit from strong investor interest, especially as demand for AI infrastructure and satellite-based services continues to grow globally.The report also pointed out that even small stakes in SpaceX could turn into billions if the company lists at the expected valuation. This has raised expectations of a major wealth event across the tech industry, with early backers set to benefit the most.Alphabet does not regularly disclose detailed holdings in private companies, but it has reported gains from such investments in its earnings. In previous filings, the company said its private equity investments had contributed billions of dollars to its profits.With SpaceX’s IPO drawing closer, Alphabet’s early bet on the company is now emerging as one of its most valuable investments, showing how long-term bets in emerging technologies can deliver outsized returns.
