Alphabet’s initial stake in SpaceX possesses the potential to yield returns exceeding $100 billion, contingent upon the space venture’s successful public listing. According to financial disclosures, Google LLC held a 6.11% ownership in SpaceX as of the conclusion of 2025.
Should SpaceX realize a valuation near $2 trillion during its Initial Public Offering, as is the current projection, that specific holding could be valued in excess of $120 billion. Even factoring in potential dilution stemming from its association with xAI, Google’s stake is estimated at around 5%, which still surpasses the $100 billion mark.
The stock offering could rank among the most substantial in history, generating considerable profits for early backers and company personnel. This group includes SpaceX President Gwynne Shotwell, along with investment firms Fidelity Investments and Founders Fund.
The most significant beneficiary is expected to be Elon Musk himself, who commands ownership of over 40% of the enterprise. If the stated valuation holds, he stands to become the world’s first dollar-denominated centi-trillionaire.
Sources indicate that SpaceX has already submitted a confidential filing for its IPO, targeting June as a plausible timeframe for the offering. Furthermore, the organization is deliberating on custom share structures designed to allow insiders to retain control and mitigate the threat of extensive selling pressure post-listing.
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