Alphabet’s SpaceX Investment Set for Another Valuation Boost
Alphabet Inc. stands to record another paper gain on its SpaceX stake after Elon Musk's space company conducted a share sale at $421 per share—a significant markup from prior transactions. The deal, reported by Bloomberg, implies a sharp valuation increase that will likely FLOW through to Google's parent company in its next earnings report.
The tech giant has held a position in SpaceX since 2015 through a $1 billion co-investment with Fidelity that secured approximately 10% ownership. Similar unrealized gains previously boosted Alphabet's 2024 first-quarter results by $8 billion when SpaceX's valuation approached $350 billion last year.
Analysts anticipate the latest valuation jump will manifest in Alphabet's financials as non-marketable securities gains. TD Cowen simultaneously raised Alphabet's price target to $350, citing AI advancements, though the report made no direct cryptocurrency market connections.
