What Happened
Alphabet Inc Reveals Significant Stake In Space And AI Company
Alphabet Inc.’s Google has disclosed that it holds $94.1 billion in SpaceX shares, following the space-and-AI company’s initial public offering. As an early investor in SpaceX, Google has seen its profit boosted in recent quarters due to the increased value of its investment. According to a quarterly filing, $80 billion of Google’s shares are subject to short-term sale restrictions, while $14.1 billion are long-term restricted. This was reported by Bloomberg.com.