GOOGLE'S SPACEX STAKE WORTH $100B AT $2T IPO

Alphabet's early investment in SpaceX positions the tech giant for a substantial return should the rocket company go public at the speculated valuation. The stake reduction from 6.11% to 5% suggests either dilution through new funding rounds or partial exits by Google. SpaceX, valued at approximately $180 billion in its most recent private funding round, has not announced IPO plans. However, analysts and industry observers have discussed potential public market valuations ranging into the trillions as the company expands Starlink operations and deepens its government contracting relationships. Google's SpaceX investment represents one of several early-stage bets by Alphabet in space and satellite technology. The company has also backed other ventures in satellite internet and aerospace infrastructure, betting on long-term growth in space-based connectivity and services.