Google Discloses $94.1 Billion in SpaceX Stock, Marking 6% Stake

Full text: Google said it owns $94.1 billion in \\\[SpaceXSPCX 0.57%\\\](https://www.wsj.com/market-data/quotes/SPCX) \\\[increase; green up pointing triangle\\\](https://www.wsj.com/market-data/quotes/SPCX) shares, a roughly 6% stake in the newly public company. The tech conglomerate’s marketable equity securities include $80 billion in SpaceX shares subject to short-term restrictions on the ability to sell and $14.1 billion of shares subject to long-term restrictions through the third quarter of 2027, according to a quarterly filing published Thursday. The restrictions are common for shareholders that buy stock around the time of an initial public offering. SpaceX debuted on the public markets in June, marking a blockbuster IPO which Nasdaq said earlier on Thursday was its biggest listing in history. SpaceX stock rose 19% to $135 on its first day of trading June 12, giving the company a market value of $2.1 trillion. The stock price has edged lower over the past month, SpaceX shares recently traded at $112.13. Based on SpaceX’s market capitalization of $1.52 trillion on July 23, Google has a roughly 6% stake in the space and AI company. Google has had a long history of investing in SpaceX. In May, the two companies were discussing a rocket-launch deal to help develop orbital data centers, The Wall Street Journal reported. Google has been expanding its efforts to put orbital data centers in space as it ramps up its AI development, and SpaceX Chief Executive Elon Musk has expressed interest in the unproven technology.