Google’s Q2 filing puts a price on its SpaceX holding: $94.1 billion, or roughly 6% of the company. Of that, $80 billion is under short-term restrictions on selling, and another $14.1 billion is locked up through the third quarter of 2027, the Wall Street Journal reported.
Lock-ups like these are a standard condition for investors who receive shares tied to a company’s IPO, Quartz noted.
What the filing shows
The stake sits among Google’s non-marketable equity securities, which carried a value of $124.3 billion on June 30, 2026. The filing says those investments consist mainly of a holding in a private company. Of that total, $87.9 billion was remeasured at fair value during the quarter.
That remeasurement fed straight into earnings. Google reported other income of $98 billion for the quarter, mostly unrealized gains on its equity securities from SpaceX and a separate private company.
SpaceX goes public
SpaceX debuted on the Nasdaq on June 12 under the ticker SPCX, pricing at $135 a share. The stock jumped 19% in its first session, and market capitalization touched $2.1 trillion at the peak. The $86.2 billion offering, after underwriters exercised their greenshoe option, was larger than any IPO before it, according to Nasdaq.
Shares recently traded at $112.13, for a market capitalization of about $1.52 trillion. At that valuation, Google’s stake works out to about 6%.
A longer relationship
The two companies have talked before. In May they were discussing a rocket-launch deal to help build orbital data centers, the Wall Street Journal reported. Google’s interest in orbital data centers ties into its wider AI plans, and Musk has signaled his own interest in the idea.
Traders on Polymarket currently put the odds of a Google and SpaceX agreement on space data centers before year-end at 14%.
Sources
- Google owns 6% of SpaceX with $94.1 billion stake | Shakthi Vadakkepat posted on the topic | LinkedIn
- Google discloses $94.1 billion SpaceX stake in Q2 filing
