Alphabet disclosed a $94.1 billion investment in SpaceX as of June 30 in its latest quarterly report, becoming the second Mag-7 company to hold a stake in the rocket manufacturer. The higher value of SpaceX shares helped drive nearly $99 billion in gains from Alphabet's stock investments during the second quarter. Roughly $80 billion of those SpaceX shares face short-term limits on sales, while another $14.1 billion cannot be sold until late 2027, according to a filing with the Securities and Exchange Commission. The total implies a roughly 6% stake based on SpaceX's market cap as of Thursday's close. Alphabet has not shared its exact ownership percentage or original purchase price.
Google Pays SpaceX $920 Million Monthly Under Multi-Year AI Computing Agreement
Google and SpaceX share a long-running relationship that began with a major investment and has expanded into key operational partnerships. In 2015, Google poured roughly $900 million into SpaceX as part of a $1-billion funding round with Fidelity.
In 2021, the companies deepened ties when Google Cloud struck a deal to provide computing and networking support for SpaceX's Starlink segment, including hosting ground stations at Google data centers to expand satellite internet connectivity.
In June 2026, they signed a multi-year agreement under which Google will pay SpaceX about $920 million a month—roughly $30 billion in total—for AI computing power, giving the search giant access to more than 110,000 Nvidia GPUs through mid-2029.
Tesla Holds Nearly 19 Million SpaceX Class A Shares as of May 2026
Alphabet is not the sole Mag-7 company to hold a stake in SpaceX. Earlier this week, Tesla reported a $1 billion mark-to-market gain on its SpaceX holdings in the second quarter.
Tesla holds a smaller stake in SpaceX, amounting to nearly 19 million shares of Class A common stock as of May 2026—less than 1% of the company after its IPO. The position originated from Tesla's $2 billion investment in xAI, which was converted into SpaceX equity after SpaceX acquired and merged with the AI firm earlier this year.
SPCX Stocks Fall 27% Since Nasdaq Debut Amid Bearish Retail Sentiment
On Stocktwits, retail sentiment around SPCX stock stayed within the 'bearish' territory over the past 24 hours, while message volume rose from 'normal' to 'high' levels.
SPCX stock has fallen 27% since its debut on the Nasdaq. While TSLA stock has fallen 29% year-to-date, GOOGL has gained about 2% in the same period.
FAQ
What did Alphabet disclose about its SpaceX investment in the second quarter?
Alphabet disclosed a $94.1 billion investment in SpaceX as of June 30 in its latest quarterly report. Roughly $80 billion of those shares face short-term sale restrictions, and another $14.1 billion cannot be sold until late 2027. The total implies a roughly 6% stake based on SpaceX's market cap as of Thursday's close.
How much does Google pay SpaceX under their multi-year AI computing agreement?
In June 2026, Google and SpaceX signed a multi-year agreement under which Google will pay SpaceX about $920 million a month—roughly $30 billion in total—for AI computing power. The deal gives Google access to more than 110,000 Nvidia GPUs through mid-2029.
What is Tesla's stake in SpaceX as of May 2026?
Tesla holds nearly 19 million shares of SpaceX Class A common stock as of May 2026, amounting to less than 1% of the company after its IPO. The position originated from Tesla's $2 billion investment in xAI, which was converted into SpaceX equity after SpaceX acquired and merged with the AI firm earlier this year.
