SpaceX investment fuels Alphabet’s $8 billion profit surge
Alphabet Inc.’s first-quarter profit soared, boosted by an $8 billion unrealized gain from its investment in SpaceX. Since 2015, Alphabet has been a key SpaceX investor, joining Fidelity Investments to inject $1 billion for a 10% stake in the space firm.
The tech giant reported a 46% surge in net income to $34.54 billion, driven by strong advertising revenues and the SpaceX windfall, Bloomberg reported Thursday, citing a person familiar with the matter. SpaceX’s valuation hit approximately $350 billion in December, cementing its status as one of the world’s most valuable private companies. The company thrives on NASA contracts and its Starlink satellite internet service, which provides direct-to-consumer connectivity.
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With 90% voter support expected, Starbase City could soon become a reality. The space-age town will support SpaceX’s mission to Mars.https://t.co/GJNahnMV9Z pic.twitter.com/FSRfeB60sm
— TESLARATI (@Teslarati) April 25, 2025
Unlike Tesla, SpaceX has largely sidestepped public backlash tied to CEO Elon Musk despite growing scrutiny. The Tesla Takedown movement, emboldened by Tesla’s first-quarter 2025 earnings, plans to target Musk’s other ventures, including SpaceX and Starlink.
Starlink faces its own challenges abroad. For instance, Ukraine is exploring Starlink alternatives developed by the European Union. Ukraine and EU member states have become increasingly worried about Elon Musk, which is being reflected in SpaceX’s Starlink contracts on the continent. However, Starlink remains critical for Ukraine’s battlefield connectivity, with EU alternatives lagging behind SpaceX’s robust internet capabilities.
Alphabet’s financial windfall underscores SpaceX’s growing influence in the space and satellite internet sectors. The $8 billion gain from “non-marketable equity securities,” identified as SpaceX, highlights the strategic value of Alphabet’s early investment. While Tesla grapples with public and activist scrutiny, SpaceX’s government contracts and Starlink’s consumer reach provide a buffer, though not immunity, from Musk-related controversies.
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Source: https://www.teslarati.com/spacex-investment-alphabet-profit/
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