December 11, 2025 – Google’s parent company, Alphabet, has had an outstanding performance in the stock market this year, with its shares surging by nearly 70%. Its current market capitalization has reached a staggering $3.8 trillion.
An investment made by the company in a startup several years ago is on the verge of becoming one of the most lucrative investments in history, and the payoff could be realized as early as next year.
Back in 2015, Google poured approximately 900millionintoElonMusk′sSpaceX,acquiringabout712 billion.
According to the latest reports, SpaceX is planning to go public next year, with an estimated valuation soaring to 1.5trillion.Basedonthisvaluation,thevalueofGoogle′sstakeissettoskyrockettoaround111 billion.
Even for a behemoth like Google, SpaceX’s success has had a tangible impact on its financial performance. Earlier this year, Google disclosed an $8 billion gain from “unlisted equity investments” in its financial report. Bloomberg confirmed that this gain came from SpaceX. This gain accounted for 25% of Google’s net profit in the first quarter of 2025.
In addition to Google, venture capital firm Founders Fund and Fidelity Investments are also among SpaceX’s largest external investors.
Google’s 2015 investment initially centered on SpaceX’s “Starlink” project. Now, there’s no doubt about the success of this investment. Besides the enormous paper gains, Google’s investment has also brought about strategic synergies. SpaceX has been using Google Cloud to provide computing power for its Starlink system.
