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Google Made $111B Betting Elon Musk’s Starlink Wasn’t Just Sci-Fi Fantasy

KEY POINTS

  • In 2015, Google invested $900 million for a 7% stake in SpaceX during its $12 billion valuation.
  • SpaceX plans to go public next year at a $1.5 trillion valuation, making Google's shares worth about $111 billion.
  • Google’s investment has boosted its earnings, including an $8 billion gain that accounted for 25% of its Q1 2025 net income.

Back in 2015, when Google tossed $900 million into SpaceX for a 7% stake, skeptics worried about antennas and whether Elon Musk had ghost-spectrum rights — like an intergalactic landlord dispute. Fast-forward to 2025, and SpaceX plans a $1.5 trillion IPO making Google’s silence-worthy $111 billion payday official. Alphabet, rocketing past a $3.8 trillion market cap and pulling an $8 billion gain from 'non-marketable equity securities' (SpaceX, clearly), saw that sum cover 25% of its Q1 net income — turning skeptical Wall Street whispers into Starlink-fueled bar mitzvah-level celebration. Even United Airlines is now streaming Elon’s space vibes on Google Cloud. Talk about aiming for the stars and hitting dollar signs instead of space debris!

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Source: Businessinsider | Published: 12/10/2025 | Author: Ben Bergman