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miohtama | on: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
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.

matwood | parent | next
Remember this was also when SpaceX was actually about space, instead of mostly AI and Twitter. Long-term shareholders that were sold on the space, have to be thinking about how to get out once their lockups expire.
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trimbo | root | parent | next
I don't think companies expanding their business should be the only reason to sell. Apple was a desktop and laptop computer company when they released the iPod. Nokia was a company making rubber products when they started making cellular equipment in the 1970s. Amazon was a ecomm company when they released AWS. Etc.

Sure, I'm cherrypicking the success stories but I don't think it's the only signal people should use.

paulryanrogers | root | parent | next
Companies laundering their CEO's other failing companies is certainly a reason to sell.
elif | root | parent
$8.7B in losses over the last 5 quarters sounds bad, but that is also with $20.4B capital expenditure in the period and double digit percent increases per quarter in user metrics.

By traditional business metrics it looks toxic but compared to a typical tech unicorn it's not really outstanding.

Considering it's a tech unicorn with strategic and financial leverage like no other (their own global Internet infrastructure, access to arbitrary billions in capital, ability to build the biggest chip fab in the world), it's certainly fair to call it a gamble, but to call it failing is a stretch imo.

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alberth | parent | next
Original HN thread, 11-years ago (220 comments):

https://news.ycombinator.com/item?id=8914956

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3form | parent
In fact it was often mentioned as a recommended way to try to invest in SpaceX via proxy, before IPO. I don't think that advice had much merit, but it was there nevertheless.