Alphabet (GOOG [https://seekingalpha.com/symbol/GOOG]) has maintained its long-standing investment in SpaceX (SPCX [https://seekingalpha.com/symbol/SPCX]) while adding a new $548 million position in Qualcomm (QCOM [https://seekingalpha.com/symbol/QCOM]), as the two companies expand their AI collaboration to bring Gemini Intelligence to Snapdragon-powered devices. Google first invested $900 million in SpaceX in January 2015. By September 30, Alphabet held 555 million shares in the rocket maker, with the stake accounting for approximately 95% of its reported stock portfolio with market value of $83.7B. Despite a 12% dip in SpaceX's share price during the quarter, the investment had grown nearly 93-fold in value since the initial investment.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.