Alphabet's SpaceX Bet Nears $100 Billion as IPO Buzz Grows

Alphabet's early investment in SpaceX is set to deliver massive returns, with its stake nearing $100 billion as IPO expectations rise, highlighting how long-term bets in space and technology sectors can unlock unprecedented value.

Alphabet stands on the verge of a major investment gain. Its early stake in SpaceX could now be worth close to $100 billion, as per a Bloomberg report cited by .

The company held about 6.11% in SpaceX at the end of 2025. That stake has now dropped to nearly 5% after recent structural changes linked to xAI. Despite the dilution, the value of the holding has surged sharply.

A possible IPO could unlock this value. Estimates suggest SpaceX may aim for a $2 trillion valuation, which would turn into one of its most successful bets.