Alphabet's Reported $112 Billion Profit Included a $94 Billion Paper Gain From SpaceX. Here's What the Company Actually Earned.
5 Articles
5 Articles
(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = Nvidia, a leader in artificial intelligence (AI) semiconductors, holds a large stake in Elon Musk's space company SpaceX...
Alphabet made 100x on SpaceX, now Nvidia reveals $21 billion stake: Why Musk’s AI push matters
Alphabet's $900 million investment in SpaceX has grown over 100-fold, reaching $94 billion. Nvidia holds a $21 billion stake as SpaceX expands its AI business and infrastructure.
Alphabet’s SpaceX stake surges to $94 billion after decade-long bet
NEW YORK — Alphabet’s decade-old investment in SpaceX has grown into a $94.2 billion stake, turning the Google parent into the largest reported institutional shareholder of Elon Musk’s rocket company. Alphabet disclosed that it owned 551.2 million SpaceX shares at the end of the second quarter. At SpaceX’s June 30 closing price of $170.86, the holding was worth about $94.2 billion. The position traces back to Alphabet’s $900 million investment i…
The company is thus the largest single institutional shareholder in the capital market, bringing almost 100 billion dollars to Alphabet's balance sheet.
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