Google reports $94 billion stake in SpaceX following historic IPO

Alphabet disclosed in its Q2 10-Q that it now values its stake in SpaceX at $94 billion after SpaceX’s June 12 IPO. The filing highlights how a long-term strategic investment has become one of the most valuable private-to-public holdings in corporate history. Of the total position, $80 billion is subject to short-term lockup restrictions and another $14.1 billion is locked until Q3 2027, limiting near-term sell pressure. The news is notable for Alphabet shareholders because it adds a large marked-to-market asset to the balance sheet and underscores the potential upside from non-core investments. It also reinforces SpaceX’s enormous debut valuation and the scale of institutional backers’ exposure, while the lockups help stabilize trading in the newly listed stock.