DATE: April 16, 2026
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Alphabet Inc. (NASDAQ: GOOG) could see the value of its stake in SpaceX rise to more than $100 billion if the private rocket company reaches a $2 trillion valuation in a future initial public offering, according to recent estimates.
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The Google parent holds an ownership stake of approximately 5% to 6.11% in SpaceX, based on disclosures and prior investment rounds. At a $2 trillion valuation, that stake would be worth between roughly $100 billion and $122 billion.
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SpaceX, founded by Elon Musk, remains privately held but has been widely viewed by investors as a potential candidate for a future public listing. The company has expanded its commercial space launch operations while scaling its Starlink satellite internet business, contributing to rising valuation expectations in private markets.
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While no official IPO timeline or valuation has been confirmed, market speculation around a public offering has intensified amid continued growth in SpaceX’s revenue-generating segments.
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Separately, there was no confirmation of reports suggesting Alphabet is in discussions with the Pentagon regarding the use of its Gemini artificial intelligence system for classified documents. The company has previously pursued government-related AI initiatives, but details of any such engagement remain unclear.
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There was also no immediate confirmation of a recent analyst upgrade from TD Cowen related to Alphabet shares.
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Alphabet shares have been supported in part by investor focus on its artificial intelligence investments and exposure to high-growth private assets such as SpaceX, though the value of such holdings remains contingent on future liquidity events and market conditions.