GOOG · News · 20261106N
SpaceX Equity Stake
Alphabet Inc. · 2026-11-06 · Importance 53 · Surprise 48 · In source text
Alphabet increased its SpaceX holdings by 3.8 million shares in the third quarter, bringing the reported total to approximately 555 million shares. The report says the stake’s value fell by $10.5 billion during the quarter as SpaceX’s share price declined from $170.86 to $123.62. The valuation decline contributed $8.2 billion in unrealized losses to Alphabet’s negative other income, while the report also describes a $920 million monthly commercial agreement for Nvidia GPU access.
Key facts
- Alphabet's SpaceX stake value fell by $10.5 billion during Q3, contributing $8.2 billion in unrealized losses to Alphabet's negative other income. source
- The SpaceX share price fell from $170.86 to $123.62 during the quarter, contributing to a $10.5 billion decline in the value of Alphabet's stake. source
- Alphabet increased its SpaceX stake by 3.8 million shares in Q3, bringing its holdings to approximately 555 million shares. source
- Alphabet announced a nearly $548 million position in Qualcomm, holding approximately 3 million Qualcomm shares as of September. source
- Alphabet's SpaceX stake rose to over 555 million shares from 551.2 million earlier. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -6.8% | Alphabet's SpaceX stake value fell by $10.5 billion during Q3, contributing $8.2 billion in unrealized losses to Alphabet's negative other… |
| assets | negative | realized | -1.1% | Alphabet's SpaceX stake value fell by $10.5 billion during Q3, contributing $8.2 billion in unrealized losses to Alphabet's negative other… |