BREAKING:
Google just disclosed a $94,000,000,000 stake in SpaceX.
4.9% of the company.
Hidden in Alphabet’s earnings disclosure.
The original investment: $1,000,000,000 in 2015.
When SpaceX was valued at $12,000,000,000.
That $1,000,000,000 is now worth $94,000,000,000.
A 94x return.
In 11 years.
While retail lines up to buy SpaceX at $1,750,000,000,000.
Google got in at $12,000,000,000.
The early money made 94x.
The IPO money is hoping for 2x.
That’s the difference between building alongside a company.
And buying the exit.
One of the most valuable investments on Alphabet’s entire balance sheet.
Was a bet on Elon Musk made a decade ago.
The returns that change history.
Are made when nobody else is paying attention.