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Alphabet’s SpaceX Stake Nears $80B Valuation Mark Amid Secondary Share Surge
Alphabet’s SpaceX Stake Nears $80B Valuation Mark Amid Secondary Share Surge
BTCCSquare news:
SpaceX's latest tender offer at $421 per share catapults its valuation to $800 billion, delivering a potential windfall for early investor Alphabet. The Google parent company's 2015 $1 billion investment alongside Fidelity—securing approximately 10% of Elon Musk's space venture—could now yield an accounting gain exceeding initial projections.
While Alphabet remains tight-lipped about its current stake, the math speaks volumes. February earnings may reveal an $8 billion unrealized gain from SpaceX's previous $350 billion valuation, with this week's 128% surge adding billions more to the paper profit. Analysts maintain a Strong Buy rating on GOOGL with a $323.64 average price target, though the space bet now overshadows conventional metrics.
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