Why Alphabet Investors Own A Secret $100B SpaceX Stake

Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) didn’t build a rocket, but it bought the right one. In 2015, Google’s parent company wrote a $900 million check to Elon Musk's then-risky SpaceX at a $12 billion valuation. It looked like a side bet. Eleven years later, it may be the greatest trade in its history — worth close to $100 billion — without launching a single satellite.From Moonshot To Money ShotThat quiet stake has ballooned after Musk proposed a merger between SpaceX and xAI, which would create a combi ...