Google Is Betting a Whopping $94 Billion on SpaceX Stock

Google Is Betting a Whopping $94 Billion on SpaceX Stock Anushka Dutta Wed, August 19, 2026 at 3:02 PM EDT 5 min read GOOG SPCX NVDA AMD Alphabet's (GOOG) (GOOGL) Google has invested $94 billion in SpaceX Corporation (SPCX), marking a 100-fold increase from the $900 million initial investment in Musk's brainchild. The move places Google as the largest single institutional holder of SPCX stock. SpaceX has owners in Nvidia Corporation (NVDA), Advanced Micro Devices (AMD), and Saudi Arabian PIF. With a plethora of post-IPO backers, and Google providing a rare benchmark showing growth in the tech giant's stake, SpaceX's stock is expected to hold up well. More News from Barchart Barron Trump, 20, Now Worth $150 Million — More Than Mom, Melania — From Crypto And $39 Energy Drink Billionaire Michael Saylor Warns Against Buying a House Because 'Every 36 Years You Actually Pay the Cost of the House in Tax to the Government' QQQ Just 'Gamma Flipped' as Market Makers Were Forced to Sell. Here's What Our Top Chart Expert is Tracking Next. Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Further, Google has a pre-IPO deal with SpaceX to lease about 110,000 GPUs from SpaceX's AI infrastructure for $920 million a month from October 2026 through June 2029. Musk's company has a similar deal with Anthropic, showing the popularity it enjoyed prior to it going public. Google's faith in SpaceX signals that a sophisticated, long‑term tech in…