This 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.

Alphabet 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.

100x return, I would sell immediately after this kind of gain, maybe that's why I am not a Google

6% is more than all of the issued IPO shares. They were 5%, right?

One of the best corporate investments in recent history. >100x returns in 10 years

Maybe hacker news is wrong and SpaceX is actually valuable.

Given 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.

What’s that in data centers?

Didn’t they just raise $85B “for AI”?

Can’t wait for SpaceX to go even lower.

Hopefully they made this investment pre-IPO at some vastly lower valuation because otherwise… …this is a not going to end well for them.

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I 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.

Why is this not seen as a circular deal? But other oracle debt is said to be circular

Bad decisions like this explain a lot

FIFY: Google discloses $94B loss