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Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
- ur-whale 3mo agohttps://archive.ph/kQtHB https://archive.ph/kQtHB
- deleted 3mo ago[deleted]
- alfiedotwtf 3mo agoFIFY: Google discloses $94B loss
- passwordoops 3mo ago"The company’s marketable equity securities include $80 billion in shares subject to short-term restrictions and $14.1 billion subject to long-term restrictions" Actually more like $14.1 and whatever value the other $80 is worth when they sell. Which is probably going to be worth well North of whatever is lost on the $14.1 B long-term... All part of the scam to inflate the value of the AI bubble
- formvoltron 3mo ago[flagged]
- kennywinker 3mo agoIdk, but he sure did try to get invited to Epstein’s island to “party”.
- minton 3mo agoTerrible! Source?
- pavlov 3mo agoEpstein emails. Google will find it for you.
- TheOtherHobbes 3mo agohttps://www.theguardian.com/technology/2026/jan/30/elon-musk-epstein-files-island-visits https://www.theguardian.com/technology/2026/jan/30/elon-musk... For example.
- rsynnott 3mo agoIt is extremely funny that Epstein is clearly all “oh, fuck, not this guy, gotta make an excuse”, here.
- consensus1 3mo agoI'm not seeing it. > “Will be in the BVI/St Bart’s area over the holidays. Is there a good time to visit?” Musk states on 13 December 2013. > “any day 1st - 8th . play it by ear if you want. always space for you,” Epstein replies. > Musk then sends several emails relaying his schedule, and the two settle on 2 January as a date for the visit. The email exchange ends with Epstein telling Musk that he would need to remain in New York and sending his regrets that they could not meet. > “Bad news- Unfortunately , my schedule will keep me in New York . I was really looking forward to finally spending some time together with just fun as the agenda. so i am very disappointed. Hopefully we can schedule another time in the near future,” Epstein wrote. > In November 2012, Epstein sent Musk an email asking “how many people will you be for the heli to island”. > “Probably just Talulah and me. What day/night will be the wildest party on your island?” Musk replied, in an apparent reference to his former wife Talulah Riley. > Musk followed up with an email on 25 December in response to another Epstein message that encouraged him to visit and offered use of his helicopter. > “Do you have any parties planned? I’ve been working to the edge of sanity this year and so, once my kids head home after Christmas, I really want to hit the party scene in St Barts or elsewhere and let loose. The invitation is much appreciated, but a peaceful island experience is the opposite of what I’m looking for,” Musk wrote. > “Understood , I will see you on st Barth, the ratio on my island might make Talilah uncomfortable,” Epstein responded. > “Ratio is not a problem for Talulah,” Musk said. > On 2 January 2013, Musk sent Epstein an email suggesting that the visit wouldn’t take place saying: “Logistics won’t work this time around.”
- locallost 3mo agoIt will be difficult since they acquired it for less than a billion 10 years ago. https://www.theguardian.com/science/2015/jan/20/spacex-funding-google-fidelity https://www.theguardian.com/science/2015/jan/20/spacex-fundi...
- minraws 3mo agoThey didn't invest 94B$ But yes the stock could go down much further and I hope they are willing to show the losses if they can show this as gains today. Imagine the next call being about how their 95$B went to sub 30B$.. Will that be a negative line item. I don't see the point in disclosing this stake as earnings. But I do get that accounting was made as a tool for companies to show off.
- consensus1 3mo agoThey don't have to be willing because hiding the losses would be a crime. And it still doesn't matter b/c anyone with a calculator can tell you exactly what the value of their position is on any given day. The $94 billion is 2.4% of Google's market cap, so even if SpaceX goes to zero it will be barely noticeable from the background noise of the stock price movement.
- HFguy 3mo agoAccounting goes back thousands of years. It was not made as a tool to show off. Lesson is more that tools can be abused for other purposes than intended.
- minraws 3mo agocorrection "modern business accounting".
- newsclues 3mo agohate makes people stupid.
- outside1234 3mo agoHopefully they made this investment pre-IPO at some vastly lower valuation because otherwise… …this is a not going to end well for them.
- jddj 3mo agoThey got in at a ~12B valuation. They'll be fine
- Aboutplants 3mo agoIf true then they paid under $800 Million for their 6%, now valued at $94 Billion.
- dagaci 3mo agoYes, google they paid $900 millions in 2015 for about 7% stake, 100X. % Number probably fell because of all the "merging".
- forrestthewoods 3mo agoThey’ll be fine? Dang I wanna be “fine”!
- carlosjobim 3mo agoWhy? They will still have their same stake no matter what happens with the stock price.
- rubyfan 3mo agoDidn’t they just raise $85B “for AI”?
- brainwad 3mo agoIt's not like they can sell the SPCX stock. It's still locked up.
- throwaw12 3mo ago100x return, I would sell immediately after this kind of gain, maybe that's why I am not a Google
- embedding-shape 3mo agoFeeling sated and not constant greed is no way to build billionaires, nope.
- lotsofpulp 3mo agoYour comment is difficult to parse. Is Alphabet greedy for spending $900M on SpaceX equity many years ago before the business was built and there was a risk it would not be built? Or is Alphabet greedy for holding onto the equity instead of selling it for cash? Or is throwaw12 greedy for wanting to sell something after a 100x return?
- rf15 3mo agoI'm sure at an $80 valuation they will tell everyone how it's time to buy as it slides down further
- knodi 3mo agoAverage pre-ipo sale price is $6.xx
- 230581abv 3mo agoPichai will talk about data centers in space again, like he did before the IPO. Then he'll sell SPCX.
- downrightmike 3mo ago1 Gigawatt in space is about 31k acres of just solar panels, not including heat dissipation systems. Given we can't block the sky for advertising, and this would block the night sky worse, I don't see it happening.
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- the__alchemist 3mo agoI 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.
- hahahaa 3mo agoShort Google? Early is wrong you know?
- IAmGraydon 3mo agoThat’s a pretty weird take considering they’re down 21% in the last 2 months. How, exactly, is this early?
- jsnell 3mo agoEarly in terms of there being no sign of actual signs of decay of their business. It's less than a week since Google reported literally the highest quarterly profits by any public company ever[0]. This is while growing at 25% YoY, which is just insanely fast for a company that size. [0] By net income. By operating income, still like top 5 to top 10 depending on how you interpret the numbers.
- IAmGraydon 3mo agoThe market is forward looking. If you short when it's obvious to everyone, it will already be at the bottom. Clearly, shorting now or a few months ago would have been the correct move. The market has predicted that their outsized quarterly profits are the last they'll report for some time, hence the selloff.
- hahahaa 3mo agoZoom out. Look at 5 yr chart then look at April 2025 could say the same thing. Also when shorting you are betting against the machine of capitalism. It's like very rare and abnormal for today to be a GFC or Enron sort of day rather than a business as usual. You need a lot of skill to short a top 50 comompany. Anyway good luck.
- grim_io 3mo ago6% is more than all of the issued IPO shares. They were 5%, right?
- fancyfredbot 3mo agoCorrect
- bombcar 3mo agoWhat’s that in data centers?
- miohtama 3mo agoThis 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 3mo agoRemember 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.
- miohtama 3mo agoSpaceX, like Tesla, has always been about Elon Musk. Investors are buying Musk, like they were buying Warren Buffett with Berkshire Hathaway. Long-term shareholders are not buying space; they are buying Musk. This has been clear to everyone since the beginning; it has been well communicated (look at SpaceX governance rules in Texas), and there is nothing mystical about it. It's very likely Musk will roll everything up into a single Musk conglomerate.
- SecretDreams 3mo agoInvestors are buying into the fallacy that musk can continue to work as a hype man, rather than some visionary or innovator. They like that he can make stock numbers go up, seemingly against all odds and reason. Whether this trend continues or not indefinitely will largely determine if incestors start looking for the door.
- miohtama 3mo agoIt's a valid point. But the markets are a harsh mistress. If you don't like fallacies, you don't buy. And if you think the number is not going to go up, you can always short the stock. In defence of Mr Musk, despite his character flaws, Tesla is the only Western electric car company in the top 20, and this includes Korea and Japan. Also, SpaceX is ~90% of the world's commercial rocket launch capacity. But this does not mean SpaceX would be correctly priced at the moment. It may be expensive, but SpaceX is going to have many years to come to reap the benefits of their hard work building the business.
- dfasifsaf 3mo ago[flagged]
- jdsfijfdsifs 3mo ago[dead]
- teddyX 3mo agoBad decisions like this explain a lot
- throwatdem12311 3mo agoCan’t wait for SpaceX to go even lower.
- wenbin 3mo agoAlphabet 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.
- glimshe 3mo agoThe companies you listed have great synergy with Google's core business. What's Google's play with SpaceX? Data centers in space?
- decimalenough 3mo agoGoogle has a strong interest in everybody getting better internet (see Fiber, Loon, Fi, etc), which lines up well with Starlink.
- benoau 3mo agoPresumably Starlink for routing throughout space. Google does under-sea cables and domestic internet access too.
- adastra22 3mo agoThey invested in SpaceX long before Starlink was a thibgy
- lkbm 3mo agoStarlink wasn't working yet, but had been announced as a thing they intended to do.
- adastra22 3mo agoEhh, more like Starlink was a thing they said they'd do to justify the investment at the time. Just like they said they'd build an assembly line mass producing Falcon 1's for small launch market, or send a Starship full of artists around the Moon. The first prototypes were three years later.
- nonethewiser 3mo agoMaybe hacker news is wrong and SpaceX is actually valuable.
- yieldcrv 3mo ago$500bn marketcap is still valuable Its how it declines to that point at another 70% loss from $1.5 trillion that people are worried about
- throwaway27448 3mo agoI don't think anyone is arguing SpaceX is actually valuable, just overvalued and the repeated recipient of obvious corruption.
- dmix 3mo agoWhich corruption exactly? NASDAQ giving them fast entry so the biggest IPO in history is done on NASDAQ and not on NYSE who was also competing for it? Both are fighting for OpenAI and Anthropic listings as well which likely influenced their choice to get in early with SpaceX
- throwaway27448 3mo agoI was primarily referring to the acquisition of musk's ai company. But the more general (and unfortunately widely accepted practice of) government contracting culture certainly applies to OpenAI and Anthropic as well. EDIT: cleaned up my comment; removed a more inflammatory claim about corruption in the private sector.
- consensus1 3mo agoWho has delivered better value for money on government contracts than SpaceX?
- sportsracersss 3mo ago
- fco356pal 3mo agoOne of the best corporate investments in recent history. >100x returns in 10 years
- simianwords 3mo agoWhy is this not seen as a circular deal? But other oracle debt is said to be circular
- m101 3mo agoGiven 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.
- lorreyfum 3mo ago[flagged]
- bdangubic 3mo agopablo escobar was a billionaire too
- andxor 3mo agoMuch better business instinct that the average poster on HN
- akersten 3mo agoYou don't think there are any millionaires on the world's preeminent VC forum?
- lorreyfum 3mo agoNope
- VirusNewbie 3mo agoLol what? You think most people on HN who live in america are not millionaires?
- deleted 3mo ago[deleted]
- SwellJoe 3mo agoIt seems obvious that the deal Google signed to rent compute from xAI just before the IPO was specifically to goose the IPO, giving xAI nice looking growth. They could have paid a lot more for that deal and still made it all back on the IPO. I don't believe for a second Google needs the compute. They've got their own AI inference hardware, the biggest data centers in the world, and they don't make any of the most popular AI products. They're not desperate for compute.
- lefty2 3mo agoAlso the agreement can be can be terminated with only 90 days notice
- kristianp 3mo agoGoogle also has around a 14% stake in Anthropic (as at 2025 [1]) and they participated in the "G" funding round [2]. Amazon has a significant stake in them too. [1] https://www.nytimes.com/2025/03/11/technology/google-investment-anthropic.html https://www.nytimes.com/2025/03/11/technology/google-investm... , https://archive.md/f0BxC https://archive.md/f0BxC [2] https://www.anthropic.com/news/anthropic-raises-30-billion-series-g-funding-380-billion-post-money-valuation https://www.anthropic.com/news/anthropic-raises-30-billion-s...
- sportsracersss 3mo agoMakes you wonder about whether Google's deal to lease SpaceX's compute is about Google doing what's best for Google, or about shoring up SpaceX's very bad bottom line. https://www.cnbc.com/2026/06/05/google-to-pay-spacex-920-million-a-month-for-xai-compute-capacity.html https://www.cnbc.com/2026/06/05/google-to-pay-spacex-920-mil...
- OhNoNotAgain_99 3mo ago[dead]
- sparse-Matrix 3mo agoThis puts google in the circular chain of SillyCon Valley businesses under-writing/financing each other's debt. That said, as indicated by the presence of Fidelity Investments, everybody is in on it at this point.