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Alaska Filing Exposes Google's SpaceX Secret
(MENAFN) Alphabet stands to pocket roughly $100 billion from its early bet on Elon Musk's SpaceX, according to a newly surfaced regulatory filing that exposes the exact size of Google's stake ahead of the rocket company's anticipated market debut.
A disclosure submitted this week to the U.S. state of Alaska — which mandates reporting of all shareholdings exceeding 5% — reveals that Google LLC held a 6.11% interest in SpaceX as of late 2025. Measured against the $2 trillion valuation SpaceX is targeting for its initial public offering, that position would be valued at approximately $122 billion.
However, SpaceX's February merger with xAI is believed to have trimmed Google's ownership to around 5%. Even at that reduced level, the stake retains an estimated value of $100 billion at the same target valuation.
The Alaska filing represents the first instance in which Google's precise holding in SpaceX has entered the public record, despite Alphabet having previously confirmed it held an investment in the company. Under the terms of the Alaska disclosure, only parties controlling stakes above 5% were obligated to report — a threshold met solely by Musk, who controls an estimated 40% of SpaceX, and Google.
SpaceX has submitted a confidential IPO filing and is eyeing a June listing, with ambitions to raise up to $75 billion — a figure that would shatter records and make it the largest public offering in history.
A disclosure submitted this week to the U.S. state of Alaska — which mandates reporting of all shareholdings exceeding 5% — reveals that Google LLC held a 6.11% interest in SpaceX as of late 2025. Measured against the $2 trillion valuation SpaceX is targeting for its initial public offering, that position would be valued at approximately $122 billion.
However, SpaceX's February merger with xAI is believed to have trimmed Google's ownership to around 5%. Even at that reduced level, the stake retains an estimated value of $100 billion at the same target valuation.
The Alaska filing represents the first instance in which Google's precise holding in SpaceX has entered the public record, despite Alphabet having previously confirmed it held an investment in the company. Under the terms of the Alaska disclosure, only parties controlling stakes above 5% were obligated to report — a threshold met solely by Musk, who controls an estimated 40% of SpaceX, and Google.
SpaceX has submitted a confidential IPO filing and is eyeing a June listing, with ambitions to raise up to $75 billion — a figure that would shatter records and make it the largest public offering in history.
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