Alphabet could make over $100B from SpaceX IPO: report -- TFN

An early investment in SpaceX could turn into a massive payday for Alphabet Inc. as the rocket company prepares to go public.

According to a regulatory disclosure filed in Alaska, Google LLC held a 6.11% stake in SpaceX at the end of 2025.

If the company reaches a valuation of around $2 trillion during its IPO, something it is reportedly targeting, that stake alone could be worth over $120 billion, says Bloomberg.

Even after some dilution from its tie-up with xAI, Google's share is still close to 5%, which could bring in over $100 billion.

The IPO could create huge wealth for many early backers, including SpaceX president Gwynne Shotwell, investors like Fidelity Investments and Founders Fund, and even early employees.

Elon Musk, who owns over 40% of the company, stands to gain the most. If the valuation holds, he could become the world's first trillionaire. Experts say many employees, especially senior staff, may leave after the IPO since they will no longer need to work.

SpaceX has reportedly filed confidentially for its IPO and is aiming for a June launch. The offering could raise at least $75 billion, making it one of the biggest IPOs ever.

The company is also considering special share structures to maintain insider control, avoid a sudden sell-off, and allow more retail investors to participate.