MOUNTAIN VIEW / LONDON (IT BOLTWISE) – Google’s strategic investment in SpaceX could soon prove to be one of the most profitable deals in the company’s history. With a planned SpaceX IPO next year, the value of Google’s stake could rise to an impressive $111 billion.
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Google’s investment in SpaceX in 2015 could prove to be one of the most lucrative deals in the company’s history. At that time, Google invested around 900 million US dollars in Elon Musk’s space company, thereby securing a share of around 7 percent. Today, with the prospect of a SpaceX IPO next year, that stake is valued at about $111 billion.
SpaceX plans to go public next year and the company is trading at an impressive valuation of $1.5 trillion. This development could give Google, already one of the most successful companies of the year, another significant financial boost. Alphabet, Google’s parent company, has already seen an impressive increase in value of almost 70 percent this year, reaching a market capitalization of $3.8 trillion.
Google’s investment in SpaceX was initially aimed at the Starlink project, which aims to provide global satellite internet. Despite initial skepticism, particularly regarding the technical and financial challenges, Starlink has now proven to be a success. It is used by a wide range of users worldwide, including the Ukrainian army and major airlines such as United Airlines.
Another advantage for Google is the strategic partnership with SpaceX, which uses Google Cloud to power Starlink. This collaboration not only has financial benefits, but also strengthens Google’s position in the cloud services sector. The investment in SpaceX has therefore not only proven to be financially worthwhile, but also strategically smart as it positions Google in a rapidly growing market.
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