By Anushka Dutta
Publication Date: 2026-08-19 19:02:00
Alphabet’s (GOOG) (GOOGL) Google has invested $94 billion in SpaceX Corporation (SPCX), marking a 100-fold increase from the $900 million initial investment in Musk’s brainchild. The move places Google as the largest single institutional holder of SPCX stock.
SpaceX has owners in Nvidia Corporation (NVDA), Advanced Micro Devices (AMD), and Saudi Arabian PIF. With a plethora of post-IPO backers, and Google providing a rare benchmark showing growth in the tech giant’s stake, SpaceX’s stock is expected to hold up well.
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Further, Google has a pre-IPO deal with SpaceX to lease about 110,000 GPUs from SpaceX’s AI infrastructure for $920 million a month from October 2026 through June 2029. Musk’s company has a similar deal with Anthropic, showing the popularity it enjoyed prior to it going public.
Google’s faith in SpaceX signals that a sophisticated, long‑term tech investor sees durable value in the…