Alphabet Google Discloses Holding $94B in SpaceX (SPCX) Stock

Alphabet’s Google (GOOGL) has disclosed holdings of approximately $94 billion in SpaceX (SPCX) stock. This represents a roughly 6% stake in Elon Musk’s newly public company. Google’s holdings were disclosed in the company’s latest earnings report and come as SPCX trades at its lowest price.

JUST IN: Google $GOOGL discloses holding $94 billion worth of SpaceX $SPCX stock. pic.twitter.

com/cDByagWt6I— Watcher.Guru (@WatcherGuru) July 23, 2026 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 its quarterly filing published Thursday.

SpaceX debuted on the public markets in June, rising 19% to $135 on its first day of trading. However, the stock has tanked in the last month, falling 26% to $115 as of 12:45 pm on July 23. 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. Furthermore, 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. While SpaceX shares continue to decline, Alphabet (GOOGL) stock is also down 6% on Thursday.

The company’s lackluster earnings report and increased AI spending continue to worry investors, and the stock is also getting an increase in forecast downgrades. There were signs that some of Google’s investments were beginning to pay off, with its cloud revenue jumping 82% year on year in the second quarter. However, Alphabet raised its capital expenditure forecast for this year to $195 billion to $205 billion and warned of higher figures in 2027.