Understanding Alphabet's stakes in the upcoming blockbuster IPOs
Speakers
Mackenzie Sigalos
— Crypto Reporter/Analyst, CNBC
Brian Sullivan
— Anchor, CNBC (Last Call / Power Lunch)
Summary
CNBC's MacKenzie Sigalos reports that Alphabet holds significant stakes in private companies set to go public, notably a 4.9% stake in SpaceX that could be worth north of $100 billion after its IPO tomorrow. She also details Alphabet's strategic 14% stake in AI lab Anthropic, which ties the company to Google's TPU chips and cloud revenue. Both positions could meaningfully boost Alphabet's valuation.
- Alphabet owns ~4.9% of SpaceX after a $900M investment in 2015.
- The SpaceX stake could be worth over $100 billion when it lists tomorrow.
- Pressure exists to monetize part of the stake post-lockup, but selling is complicated by liquidity limits and taxes.
- Alphabet's 14% stake in Anthropic is strategic, as Anthropic is a major Google TPU customer.
- The Anthropic investment ties a nearly $1 trillion AI lab to Google's cloud infrastructure.
- Alphabet also has equity in Databricks and Space & Cursor, which may add further upside.
Ideas
SpaceX IPO could unlock huge Alphabet value
Alphabet invested $900 million in SpaceX in 2015 for a ~4.9% stake, now potentially worth north of $100 billion when SpaceX lists tomorrow. The stake could give Alphabet a major valuation bump, and there will be pressure to monetize part of it once eligible, though lockups, liquidity limits, strategic ties, and tax considerations may shape the exit.
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This CNBC video, published June 11, 2026, features Mackenzie Sigalos discussing GOOGL. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Mackenzie Sigalos · Tickers: GOOGL