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What do you mean? Google bought SpaceX shares when it was a tiny startup. They are probably more than 100X on their initial investment. Even with a 99% drop in

What do you mean? Google bought SpaceX shares when it was a tiny startup. They are probably more than 100X on their initial investment. Even with a 99% drop in SpaceX stock, Google would still be positive. Edit. Google invested 900 million in 2015 for roughly 5% of the company which comes out to 71.5 Billion dollars at 1.45 Trillion dollar current valuation. That's an 80x increase. I think Larry Page individually might also have a very large stake as well.

janalsncm 2mo ago
It doesn’t matter what price they bought SpaceX stock for. They could have gotten it for free. Any gain prior to Google’s investment could be realized prior to Google giving SpaceX even more money. What matters is the return on investment for the $12B/year into SpaceX. In order get that back by “pumping” SpaceX stock, SpaceX market cap would have had to increase $200B based on that investment, and then Google would need to sell the stock.
- LarsDu88 2mo ago
  It would be extremely foolish for an early investor like Alphabet to liquidate SpaceX holdings en masse all at once. Also, for better or worse, SpaceX did increase by about 200B today. For all it's faults, it is forming a massive military and telecom monopoly that is nearly unassailable. In the next few years, it can start directly competing with Verizon. The Ukrainian military and civilian population heavily relies on those satellites
  - janalsncm 2mo ago
    > It would be extremely foolish for an early investor like Alphabet to liquidate SpaceX holdings en masse all at once. I agree, which is just one more reason why the original reason you proposed for Google’s investment is very likely not correct. More likely is that Google got a good deal on compute from them. Normal business reasons. > Also, for better or worse, SpaceX did increase by about 200B today. The relevant question is how much it would have increased without Google’s investment of an additional $12B. If the answer is “more than $0” then the fact that it only increased $200B means it was a bad investment to pump the stock.

janalsncm 2mo ago

It doesn’t matter what price they bought SpaceX stock for. They could have gotten it for free. Any gain prior to Google’s investment could be realized prior to Google giving SpaceX even more money. What matters is the return on investment for the $12B/year into SpaceX. In order get that back by “pumping” SpaceX stock, SpaceX market cap would have had to increase $200B based on that investment, and then Google would need to sell the stock.

LarsDu88 2mo ago
It would be extremely foolish for an early investor like Alphabet to liquidate SpaceX holdings en masse all at once. Also, for better or worse, SpaceX did increase by about 200B today. For all it's faults, it is forming a massive military and telecom monopoly that is nearly unassailable. In the next few years, it can start directly competing with Verizon. The Ukrainian military and civilian population heavily relies on those satellites
- janalsncm 2mo ago
  > It would be extremely foolish for an early investor like Alphabet to liquidate SpaceX holdings en masse all at once. I agree, which is just one more reason why the original reason you proposed for Google’s investment is very likely not correct. More likely is that Google got a good deal on compute from them. Normal business reasons. > Also, for better or worse, SpaceX did increase by about 200B today. The relevant question is how much it would have increased without Google’s investment of an additional $12B. If the answer is “more than $0” then the fact that it only increased $200B means it was a bad investment to pump the stock.