What Happened
Alphabet's Lucrative Investment in Space Exploration
Alphabet, the parent company of Google, has officially revealed its $94 billion stake in SpaceX following the company’s historic IPO. The investment, which was made over a decade, includes $80 billion in short-term locked shares and $14.1 billion in long-term locked shares. The stake represents one of the most lucrative strategic investments in corporate history, with Google initially contributing $500 million to $900 million to SpaceX in 2015. This development was first reported by Yahoo Finance.