Google’s $94.1B Stake in SpaceX Revealed in Disclosures
Google just let slip in a routine financial disclosure that they've been quietly hoarding a massive stake in SpaceX. It's the kind of detail that usually gets buried in the footnotes, but the scale of it is jarring. I can only hope they locked in this investment years ago at a fraction of the current valuation. If they bought in recently, this is a disaster waiting to happen. I'm short on both of them right now. SpaceX's eventual IPO smells foul to me, and Google is essentially a giant AI-bubble short while Anthropic and OpenAI continue to sit on the sidelines. The real question is whether Google is actually betting on the future of aerospace, or if they're just doubling down on a valuation that's drifted too far from reality. The $94.1 Billion Disclosure Google's filing shows a $94.1 billion loss, which is an absurd number that's easy to misread. This isn't a typical operational loss where they spent more on servers than they made in ad...