Alphabet-owned Google holds more than 5% equity in SpaceX. If the rocket company completes its listing with a valuation of $2 trillion, the book value of this early investment will exceed $100 billion.
According to regulatory filings submitted by SpaceX in Alaska this week, Google holds a 6.11% stake in the company (as of the end of 2025). Alaskan regulations require companies to disclose shareholders holding 5% or more of equity.
According to Bloomberg calculations, following the merger between SpaceX and xAI, the AI and social media company under Musk, in February this year, Google's shareholding was diluted to approximately 5%. Based on a $2 trillion valuation, this stake corresponds to a value of about $100 billion.
SpaceX has secretly filed for an initial public offering (IPO), targeting a listing in June this year. The proposed IPO aims to raise up to $75 billion, potentially becoming the largest IPO in history.
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<h2>Google's Shareholding Size Disclosed for the First Time</h2>
The significance of this filing lies in the fact that while the market was already aware that Google holds equity in SpaceX, the exact proportion had never been publicly disclosed before.
Under Alaska's disclosure requirements, only two parties were required to disclose their holdings in the document: Google, and Musk himself—the latter holding approximately 40% of SpaceX.
Based on the pre-dilution shareholding of 6.11% and a $2 trillion valuation, the value of Google's equity is estimated at around $122 billion; after dilution to approximately 5%, the corresponding value remains around $100 billion.
<h2>SpaceX Listing Could Generate Significant Wealth</h2>
Expectations surrounding SpaceX's listing are bringing considerable potential wealth to early investors and core team members.
If the company's market capitalization reaches $2 trillion, even a shareholder holding just 0.05% could become a billionaire overnight. Musk's approximately 40% stake would cause his wealth to surge significantly; personal assets of long-term executives such as SpaceX President Gwynne Shotwell are also expected to appreciate substantially.
SpaceX hopes to surpass the $2 trillion valuation target upon listing. If ultimately achieved, this IPO will become the largest in global history.

Elon Musk's SpaceX plans an IPO, targeting a valuation exceeding $2 trillion, potentially making it one of the world's most valuable companies. With its Starlink global network and industry-leading position in space launches, SpaceX is attracting global investor attention. Can its vision for space exploration and commercial potential support this astronomical valuation? What are your thoughts on SpaceX's future performance?

Elon Musk's SpaceX plans an IPO, targeting a valuation exceeding $2 trillion, potentially making it one of the world's most valuable companies. With its Starlink global network and industry-leading position in space launches, SpaceX is attracting global investor attention. Can its vision for space exploration and commercial potential support this astronomical valuation? What are your thoughts on SpaceX's future performance?

SpaceX Eyes IPO — Is the Space Economy Ready for Liftoff?

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As of the end of 2025, Google held 6.11% equity in SpaceX; following the merger between SpaceX and xAI in February this year, Google's stake was diluted to approximately 5%. Should SpaceX complete its listing with a valuation of $2 trillion, the book value of this early investment would reach $100 billion

- Google holds over 5% of SpaceX, with its investment potentially valued at over $100 billion if the company goes public at a $2 trillion valuation.  
- Current disclosures indicate Google owns approximately 6.11% as of the end of 2025, with a dilution to around 5% following its merger with xAI.  
- SpaceX aims for a June IPO, targeting up to $75 billion in fundraising, potentially making it the largest IPO in history.

Google's Stake in SpaceX Exposed for the First Time! Over 5% Equity, IPO Could Yield $100 Billion Return