Google’s parent company Alphabet was among the first in 2015 to invest in Elon Musk’s SpaceX by joining forces with Fidelity. They injected $1 billion into the company and knew well of its upcoming fortunes. Now that SpaceX stock (NASDAQ: SPCX) went live on Friday (June 12, 2026), their early investment has paid off in billions.

Here’s the timeline on how Google’s Alphabet invested in SpaceX and made billions through the stock launch.

1. 2015 – This was the initial bet of $1 billion with Fidelity and got a stake of 6% to 7.5% in SpaceX.
2. 2015 to 2024 – Elon Musk’s SpaceX launches operations and simultaneously receives a decade of funding rounds. The company also had a strategic merger with xAI.
3. 2025 – Since SpaceX received further funding, Alphabet’s ownership went down to an estimated 5% to 6.11%.
4. 2026 – The SpaceX stock IPO launch and valuation made its investment swell. The fixed price of $135 per share made the market cap reach a historic $1.77 trillion to $1.8 trillion.

Also Read: Bernstein’s Latest Price Target For Google Stock

SpaceX Stock Launch: Alphabet Makes $100 Billion in Profits

Now that SpaceX stock reached $192 on Tuesday, Alphabet’s 5% to 6% stake is now valued at a mind-boggling $100 billion to $111 billion. That’s a clear $100+ billion gain in a decade, representing a near 100x return on their original capital. Even a wealthy Indian family office made 100x returns after investing in the company in 2017 through the employee stock options (ESOP) in the secondary market.

Alphabet has not sold its SpaceX stock position even after netting $100+ billion in profit. It is likely that they believe in its potential and could wait for the long term to reap bigger rewards. Despite reaching the finishing line, Alphabet could run marathons with Elon Musk’s company. From here on, the sky is the limit for investors who took an early entry position.