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Comments (180)
- miohtamaThis investment has never been secret.Google (now under parent company Alphabet) invested roughly $900 million as the majority of a ~$1 billion funding round alongside Fidelity Investments. This gave Google an initial equity stake of about 7–7.5% in SpaceX at a valuation of roughly $10–12 billion.
- wenbinAlphabet is the modern day berkshire hathaway.Alphabet’s investment holdings (eg, spacex, anthropic..) are worth in the same order of magnitude of BRK’s (~$300B)The track record of google’s M&A is pretty good.Except for search and cloud, many of Google’s important products were from M&A - Maps, Docs, android, doubleclick, youtube , deep mind, etc.
- throwaw12100x return, I would sell immediately after this kind of gain, maybe that's why I am not a Google
- grim_io6% is more than all of the issued IPO shares. They were 5%, right?
- fco356palOne of the best corporate investments in recent history. >100x returns in 10 years
- nonethewiserMaybe hacker news is wrong and SpaceX is actually valuable.
- m101Given how much ai spending Google need to do, and that the are selling equity for the first time in a long time to do it, no doubt spacex shares are going to be dumped out they moment they can.
- lorreyfumEverybody here an expert, but no trillionaires, billionaires, and I’m guessing millionaires
- bombcarWhat’s that in data centers?
- anonundefined
- rubyfanDidn’t they just raise $85B “for AI”?
- outside1234Hopefully they made this investment pre-IPO at some vastly lower valuation because otherwise… …this is a not going to end well for them.
- ur-whale
- jdsfijfdsifs[dead]
- dfasifsaf[flagged]
- the__alchemistI am short both Google and SpaceX RN; SpaceX's IPO smells foul. Google is an AI-bubble short; Anthropic and OpenAI haven't IPOed yet.
- simianwordsWhy is this not seen as a circular deal? But other oracle debt is said to be circular
- anonundefined
- throwatdem12311Can’t wait for SpaceX to go even lower.
- teddyXBad decisions like this explain a lot
- alfiedotwtfFIFY: Google discloses $94B loss