Google's SpaceX Stake Could Be Worth $112 Billion at IPO
Google's early investment in SpaceX could turn into a $112 billion windfall when the rocket company goes public. The tech giant invested $900 million in SpaceX, which now plans to go public at a $1.5 trillion valuation.
Google made a smart bet years ago when it invested $900 million in Elon Musk's SpaceX rocket company. Now that investment is about to pay off in a huge way.
SpaceX recently announced plans to go public with a target valuation of $1.5 trillion. At that price, Google's stake would be worth around $112 billion. That's more money than Google made in profit during its entire last year.
To put this in perspective, $112 billion is larger than the total value of most major companies. Google's annual income was $98 billion, meaning this single investment return would exceed the company's yearly earnings.
SpaceX has become a dominant force in space travel and satellite internet through its Starlink service. The company regularly launches rockets and has contracts with NASA and other organizations.
The exact timing of SpaceX's public offering hasn't been announced yet. Some reports suggest the company might aim for an even higher valuation of $2 trillion, which would make Google's stake worth $122 billion.
This massive return shows how early tech investments can pay off big. Google's gain from SpaceX would be larger than its entire annual income of $98 billion. It also highlights SpaceX's growing power in the space industry.
Watch for SpaceX to announce official IPO timing and final valuation targets.
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