Google’s SpaceX Investment Soars as IPO Restrictions Begin

TLDR Alphabet’s remaining 4.9% stake in SpaceX is valued at approximately $94 billion following the company’s Nasdaq IPO. About $80 billion of Alphabet’s SpaceX shares are subject to standard post-IPO lockup restrictions. Alphabet and Fidelity invested $1 billion in SpaceX in 2015 for an estimated 8% stake before later ownership changes. SpaceX raised $75 billion [...]

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