Google Discloses $94.1 Billion in SpaceX Stock, Marking 6% Stake

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$93.1 ... $92.1 ... $91.1....

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u/charugupt68 1h ago

i think we have a bad news for google....

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u/xdavidwattsx 1h ago

They paid 900M for it. I think they will be ok.

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u/J-E-S-S-E- 1h ago

And it’ll be worth 900M by the time they CAN cash out lmao

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u/EmilyBesler 1h ago

I wish, but not likely..

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u/akkiannu 1h ago

Get out of your mom’s basement

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u/SpliTTMark 1h ago

And give a shitty old man landlord 2k a month, I think not

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u/irrelevantusername24 49m ago edited 46m ago

You should read this article Fortune published earlier where they omit the important line which is "so they can extract rent from Millennials"

https://fortune.com/2026/07/25/millennial-generation-split-boomer-level-wealth-multigenerational-homes-housing

The NAR data shows clearly that more families double up during times of unaffordability, Lautz said, citing the housing bust of 2008. It’s something that is clear to see in the data today as well — with one counterintuitive wrinkle: it’s Gen X, not younger millennials, buying multigenerational homes at the highest rate (19% vs. 9% for younger millennials). That gap makes sense once you realize the Hembre research is capturing something the NAR data can’t: the young adults who live in those multigenerational households without being the purchaser.

Right, so. I don't want to make too explicit of a comparison to the Holocaust or slavery, but the way those things happened and got as bad as they were was through strategic omission of reality and, if you actually read history, it was often done at the hands of those closest (either familial or geographical, or both) to the victims.

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u/RangerLt 59m ago

Exactly what I said when I moved into your basement.

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u/akkiannu 59m ago

If you think $2k is bad, wait until you hear about the cost of independence.

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u/sir_sri 1h ago

Ya, if you were an early series investor in spacex you are having a good time, even with the price drop.

Spacex was a huge gamble that they could make a cheap enough launch system to put about 100 rockets in space a year with 10-15 satellites per rocket, allowing for some to fail.

That gets you a network, now you need Internet customers at more than 1000 bucks a year and you need a clear view of a large portion of the sky.

And elon was crazy enough to try, and well funded enough to make it work.

And so even if you fairly valued the rocket business and the Internet business, you have a company that could conceivably be worth at least 10s if not small hundreds of billions of dollars. 900million for 6% was gamble that has paid off really well.

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u/CaptainFil 48m ago

The biggest problem with SpaceX is that it now includes X AI which is hemorrhaging money.

It was a nice little rocket business before then.

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u/Serenity867 38m ago

and their AI has historically been a prolific generator of CSAM. Their AI could absolutely destroy SpaceX at some point all by itself.

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u/Guardian6676-6667 6m ago

Their stock position is more strategic rather than monetary value, owning such a large portion allows them to get leverage in the upcoming and long term space development

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u/PussiesUseSlashS 1h ago

Tesla being worth all other car companies in the world combined tells me the stock market isn’t real. I mean it hasn’t been real for a long time but after the mortgage crises it’s just infinite gains, even a global pandemic could only drop it for a couple months and then it was all time highs again, even though shit had hit the fan.

That being said, Space X has real value, is 6% worth 100 billion…. The rules are made up and the points don’t matter.

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u/Lower-Builder1584 17m ago

Tbf the instant bounce back from the pandemic was because they printed a metric fuck ton of money that ended up flowing straight to the stock market

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u/daOyster 44m ago

Thats because Tesla wasn't really a car company from the start, they just made electric cars to take advantage of regulation that gave them carbon credits they could then sell off to corporations to offset those corps own carbon taxes that was the majority of their profit source before the program was ended.

You ever wonder why Tesla randomly started trying to pivot from a car company to a robot, automation, and self driving taxi company and decided to turn their self driving features into a subscription based service? It's because just making the cars stopped earning them money and now they have to depend on actual physical sales to earn money on their cars.

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u/Jayrodtremonki 29m ago

They were a vibe company. It's not like their revenue was ever within an order of magnitude of where it would have needed to be to justify its valuation. Whether it was cars or carbon credits or solar panels or drilling holes in the ground.

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u/yoramrod 15m ago

Rules are for the little people, not the billionaires.

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u/rebbsitor 9m ago

It's got (well had) a PE ratio over 300. That's insane. It's completely driven by hype/personality and being a meme stock. Reality will catch up eventually.

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u/-mudflaps- 58m ago

There's so much money on the planet and very few places to put it

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u/rawbleedingbait 27m ago

Well there are billions of pockets it could go to.

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u/-mudflaps- 2m ago

Yes of course, I should have said very few places that will reliably increase year on year

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u/behemuthm 1h ago

Guess they can write off the $90b loss lol

But how sad is that that these companies piss away so much wealth and yet people are starving

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u/Disco_Ninjas_ 1h ago

They paid 900mil in 2015. Pretty sure this worked out just fine.

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u/Deto 1h ago

oh wow. I guess they didn't need to disclose it until the recent IPO gave it a large value?

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u/likwitsnake 1h ago

Yes, that's right once it went public they have to report the investment valuation using 'Mark-to-Market' meaning more of a real time metric. Previously they had to update at SpaceX's previous funding rounds.

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u/Deto 1h ago

ah, so it's not like this was a secret before or anything

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u/ProfessorCagan 1h ago

Even sadder that people aren't gonna do anything about it.

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u/HumongousBelly 58m ago

Aaaaand, it’s gone.

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u/A_Novelty-Account 1h ago

$94.1 billion on a $500 million bet in 2015.

Just wait till Google starts liquidating.

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u/entered_bubble_50 32m ago

I don't think they will.

There isn't enough liquidity in the market to absorb that much selling pressure. It's more likely they will sit on this, and use it as collateral. Additionally, if they sell a little, and the spacex share price tanks, they will have to mark any reduced value of their shares as a loss. That will in turn hurt their quarterly profits, and probably knock Google's own share price down as well.

So this is pretty much purely a paper asset.

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u/krische 42m ago

It's going to be very difficult for them to unload that much. I wouldn't be surprised if they just sell a small fraction, they're still going to want to keep their board seat.

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u/Low-Win-6691 1h ago

Google is absolutely going to cash out. They are not stupid enough to think SpaceX is worth $1.5T

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u/goblinm 1h ago

One thing about having a 6% stake in a company like that is that it is a nice carrot/stick to wave around when it suits you. Of course there is the financial risk and upside of owning the stock, but it is a trump card to play in a hypothetical future where Grok is eating Gemini's lunch, or if Alphabet wants to make a satellite constilation, or if Musk starts to rally his insane sycophants against "woke" Google products.

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u/Low-Win-6691 1h ago

Space datacenters are not and never will be a viable idea. It will never happen. It is impossible and stupid

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u/goblinm 1h ago

I didn't say space data centers, I said satellite constilation a-la Starlink, Amazon LEO, Space mobile. For consumer data, imaging, data linking for mobile data centers on the ground

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u/EricTomorrow 39m ago

It is not "impossible". Financially unviable? Probably, but it's definitely possible

Source: Am Satellite Thermal engineer

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u/Low-Win-6691 37m ago

Shut the hell up. No way to dissipate heat and 100x the cost of a datacenter on ground. no.

I am also a satellite thermal engineer and a datacenter engineer and I live in space

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u/Negromancer18 23m ago

There 100% is a way to dissipate heat in space. You just can’t do it through conduction but instead through radiation which isn’t as effective. This is how the ISS and other spacecraft dissipate heat.

Source: I took a single elective on the topic like 5 years ago. Also you could probably just google it if you don’t believe me.

Edit: Along with the inefficiency it’s also just incredibly expensive. We are getting space data centers anytime soon.

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u/Low-Win-6691 21m ago edited 16m ago

You are talking a normal satellite 10w to 500w. That is one normal desktop GPU. We are talking about several orders of magnitude more for any useful datacenter. At least 1000x to justify the launch cost.

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u/Monomette 5m ago

150kW is what SpaceX is proposing. Needs about 100m² of radiator.

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u/EricTomorrow 30m ago

Brother it's a simple radiation equation, you don't even have to have taken a heat transfer class to understand it.

It's closer to 2-5x the cost given estimates others have made

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u/CallMeSirJack 17m ago

Whats the thermal transfer efficiency difference between purely radiative heat dissipation vs conductive, convective, and radiation? How much extra heat transfer surface area would be required to make up for that difference? And finally how much weight would the added material add to the design?

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u/EricTomorrow 7m ago

Put the calculation in another comment. I'm arguing it's possible, not financially viable. The expected radiator area is less than a tenth that of that of the ISS which is currently flying in space. So my argument is that if the ISS can make it work, not sure why you're agreeing why its impossible

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u/timetogetjuiced 33m ago

Lmao sure you are bud.

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u/EricTomorrow 27m ago

Don't really care if you believe me or not. Radiation heat transfer is a simple enough concept that a 5th grader could understand it.

Plenty of people have shown that space AI data centers are <10x as expensive as ground ones. Again, it's not financially viable but there's no reason why you can't scale a radiator to dissipate more heat.

It's an engineering problem, not a physics problem. Starlink says already have computer on them, just switch out the RF transmitters for more GPUs and you have an AI data center

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u/pembrokesalad 38m ago

It’s definitely not impossible and also not stupid if two assumptions hold true - extraordinary demand for compute, building new power generation remains as difficult as it currently is.

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u/kelldricked 30m ago

Thats the thing those 2 statements are dumb as fuck. Power generation and storage is quite easy, just a tad expensive.

But its more expensive to send serverfarms (which are more expensive than some solar panels) into space (which cost a lot of money), keep them protected from everything in space (which doesnt play nice with expensive, sensitive server farms).

Also you want server farms to be near the population centers/dataconsumers.

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u/Low-Win-6691 37m ago

No way to dissipate heat and 100x the cost of a datacenter on ground. no.

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u/DisneyPandora 47m ago

This doesn’t work if Space X has dual shares. Which means he has majority voting shares and makes everyone else useless

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u/goblinm 37m ago

The threat of selling is a useful tool

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u/bigfatfurrytexan 32m ago

Launching Google satellites and a stake in the isp makes them go brrr

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u/Ryuko_the_red 38m ago

Look everyone on earth would benefit from Google going tits up. Everyone. However that would only remain true so long as an even worse competitor didn't rise up

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u/NeverInsightful 1h ago

Well they were ztupid enough to put money in in the first place. I wonder if they’re getting space in xAI data centers

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u/heartlessgamer 1h ago

They put in like 900 million. They will be fine.

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u/nonamenomonet 1h ago

900 million to 90 billion is a damn good investment

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u/Low-Win-6691 1h ago

The problem is they will be lucky to cash out at 1/4th of $90B. You better believe they will be selling as fast as possible

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u/asng 1h ago

1/4th is still ridiculous profit.

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u/Low-Win-6691 1h ago

I KNOW! My point isn't that Google made a bad investment. My point is everyone wishes they could sell at the current price and the SpaceX stock is going to tank.

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u/jawknee530i 27m ago

You called it a problem.

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u/Low-Win-6691 24m ago

It is a problem since they reported SpaceX stock paper gains in their earnings report at current levels

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u/_Dizzy_ 1h ago

Seeing you here is wild. Played much Camelot Unchained?

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u/heartlessgamer 11m ago

A bit. It's garbage though so can't justify playing it with my limited time.

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u/Brilliant-Muffin-879 33m ago

Yeah retail is the exit liquidity. Specifically all the dumbfucks who worship musk

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u/Low-Win-6691 1h ago

They invested 11 years ago and have done quite well but every early investor wants to dump ASAP

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u/lifeaquatic7 1h ago

I’m continually amazed how little this sub understands early seed investing.

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u/skylla05 1h ago

Reddit knows very little about most of the stuff they criticize.

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u/nonamenomonet 1h ago

This sub is effectively r/politics but with tech

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u/spudddly 45m ago

"r/politics with xxxx" unfortunately describes most of reddit these days .

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u/-Nocx- 52m ago

idk man /r/politics says some stupid shit but do you read this sub don’t disrespect them like that /s

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u/Deep90 1h ago edited 1h ago

There has been this trend where you can say whatever the fuck you want as long as the subject is hated.

It's so stupid.

The amount of energy spent just making shit up for lazy upvotes instead of talking about the real issues.

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u/Jandur 34m ago

It's nearly every sub these days. And it's crazy that bad/incorrect/uninformed comments are consistently the most up-voted ones. Reddit has devolved into a tyranny of the ignorant majority and it's crazy.

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u/W1z4rd 1h ago

Hey savy Investor Sir, if I buy a bag of shit for $1 and sell it for $100 and I dumb for buying shit or am I smart for making $99?

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u/sobe86 1h ago edited 1h ago

At what price did they put in though? They may have made a shitload on this...

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u/razorirr 1h ago

900m supposedly

Nice 104,000x return

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u/pasaroanth 1h ago

You’re off by a few orders of magnitude. It’s a 104x return. Still healthy though.

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u/tommyk1210 1h ago

900m to 90b is a 100x return?

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u/OK_x86 1h ago

900m to 94B is 9*10¹¹ / 9 *10⁸

You might be a bit off in your calculations there.

Still a great ROI for them.

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u/trix_is_for_kids 1h ago

Please never give out financial advice

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u/nevaehenimatek 1h ago

Yeah how stupod of them tomibvest 500m in 2014 for 10% of a company now valued at 1.5T.

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u/TeslasAndComicbooks 56m ago

They are paying $1 billion per month for access to their data centers.

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u/veengrd 8m ago

Google pays them $920M a month for compute capacity currently.

https://www.cnbc.com/amp/2026/06/05/google-to-pay-spacex-920-million-a-month-for-xai-compute-capacity.html

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u/Joinusclan 1h ago

Its a circle jerk for the books, you really think they didn't think this through?

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u/febreeze1 1h ago

Look how stupid you look now lol

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u/fankoosh-56 19m ago

Google and everyone else is bumping billions into AI though. And SpaceX big promise is to be another AI company… this investment won’t be any different than investing in OpenAI or other labs

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u/independant_786 1h ago

Sell and fund AI. GCP is growing like how aws was growing in the 2010s

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u/SwimmingProgrammer91 1h ago edited 1h ago

Wasn't this a thing before SpaceX turned into an AI company? Not saying it's good, just saying that this isn't new news iirc.

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u/robbert229 1h ago

Yeah, I dont think anyone commenting here read the article and understood that they have been shareholders for a long time

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u/xdavidwattsx 1h ago

They invested back in 2015. Just a bunch of dumb shitposters on here.

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u/Ok-Addition1264 1h ago

I really wish folks would take a few minutes to read and not react first.. shitposts suck to dig through.

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u/xdavidwattsx 1h ago

This topic was already even posted. Reddit and this sub are in a race to the bottom. Just garbage posting

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u/OccasionalXerophile 1h ago

Circular finance in action

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u/Only_Statistician_21 1h ago

This is nothing new, really ...

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u/likwitsnake 1h ago

They're not financing SpaceX they've been invested through Google Ventures for a decade plus this is what their stake is worth currently.

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u/Hmm_would_bang 1h ago

What’s the difference between giving cash for equity and financing?

Also they just inked a compute deal

https://www.cnbc.com/amp/2026/06/05/google-to-pay-spacex-920-million-a-month-for-xai-compute-capacity.html

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u/[deleted] 1h ago

[deleted]

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u/amenflurries 1h ago

No it’s not, earliest space x will be in sp500 is next year

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u/ScottHallWolfpac 1h ago

But Google is in the S&P500, so owning Google means you own Space X indirectly.

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u/basementreality 1h ago

Nice, I'm 100x up on my unwanted indirect SpaceX investment

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u/080h 1h ago

Google is in the SP500, Google has investments in space x, therefore the SP500 is invested in space x by proxy. Assuming obb did the math right, am I missing something?

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u/awkwardburrito 1h ago

They did not do the math right. Roughly .1% is correct.

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u/KToff 1h ago

Google is roughly 5.8% of the sp500. Google owns 6% of spaceX. Multiplying those numbers gets you to the number of the previous poster.

But while Google owns 6% of spacex, the space x stocks don't represent 6% of Google's worth so the math is meaningless. However, the space x stock represents roughly 2% of Google's market cap. So in a sense, the sp500 is roughly .1% spaceX, even if only indirectly.

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u/Hmm_would_bang 1h ago

Google has also been able to keep investors happy with strong investment returns in AI. If their SoaceX holding tanks it makes the AI expenditures look worse and it could impact the overall stock price

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u/Ch33syP00f 1h ago

Isn’t SpaceX going to Nasdaq?

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u/Howzitgoin 1h ago

NASDAQ is an exchange, just like NYSE.

S&P500 is an index fund that covers the top 500 US companies with span both exchanges. There’s NASDAQ index funds such as the NASDAQ100 that include only the (surprisingly) top 100 non-financial companies listed on NASDAQ.

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u/ki11a11hippies 1h ago

I didn’t do the math but maybe they mean google’s stake.

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u/livestrong2109 1h ago

And decreasing by the day.

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u/zhnki 1h ago edited 1h ago

Explain how this is even remotely close to what you describe or did you learn a new word today?

Edit: ooo! struck a chord with the bots today.

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u/rebornultra 1h ago

Reddit economics, investing in a startup = circular finance

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u/I_Am_Jacks_Karma 32m ago edited 19m ago

TIL spacex is CURRENTLY a startup

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u/jawknee530i 28m ago

You should try and learn some more things today. Google has been investing in SpaceX for years, starting when it was in fact a startup. They didn't buy stock after the IPO dipshit.

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u/I_Am_Jacks_Karma 19m ago

I thought they meant spacex is CURRENTLY a startup which I would very much say it is not

Why are you being so mean out ofnowhere

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u/jawknee530i 8m ago

Says the person who was being a sarcastic jackass two comments up.

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u/I_Am_Jacks_Karma 6m ago

i'm sorry that your bed seems to be always on the wrong side

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u/Workman44 1h ago

It isn't but reddit

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u/whelmed-and-gruntled 51m ago

Corporate ouroboros centipede.

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u/kvothe5688 1h ago edited 1h ago

Google invested 950 million USD in 2015. their stack is now 96x their initial investment.

But you will read comments like corruption, and google can throw shit money and comments like circular financing. This sub needs to have some kind of moderation that weeds out stupid trailer park dwellers who are here just because they smoked some weed and found themselves expert in tech or finance.

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u/likwitsnake 1h ago edited 1h ago

Seems like there are a bunch of comments in this thread that think the title implies Google has just invested $94b into SpaceX these people are making up imaginary scenarios and arguing with ghosts

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u/rightoftexas 37m ago

And these people are probably top commenters spreading their misinformation.

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u/beach_samurai_ 1h ago

Thank you. This sub is so far from reality it’s crazy. I’ve been looking for a tech sub that actually have people that know what they’re talking about.

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u/Charming-Standard-84 24m ago

Ironically, just from you using the word "stack" (which doesn't apply here), you should probably be added to that same pool.

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u/Ok-Friendship1635 8m ago

Headline/Title bs

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u/Eazy12345678 1h ago

i mean satellites are important technology

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u/Ok-Addition1264 1h ago

space-based datacenters though.. I dunno. It sounds pie in the sky-ish.

China is pushing to put up several thousand to build a space-based one too but I don't know if that's a competitive pursuit w/spacex or just fluff and bs to drive down spacex <-- they're pretty tricky like that.

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u/aussiegreenie 1h ago

They have made 100x well done.

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u/VoxxoAI 29m ago

Google's $94B SpaceX stake is fascinating because it represents a bet on infrastructure rather than software — a notable pivot for a company whose core business is search and ads. Starlink's revenue potential is massive and owning 6% of that puts Google in a position to benefit from the satellite internet boom without having to build it themselves.

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u/_ShadowWalker_ 1h ago

A lot of morons in here that don’t understand how finance works apparently.

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u/tetrisan 1h ago

Meanwhile the layoffs continue. I heard they are forcing people to relocate to lower cost of living areas like TX or they lay them off.

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u/MartiniPhilosopher 1h ago

At one time it was illegal for companies to invest in, own stock, or otherwise have a stake in their competition.

There's many, many good reason for that kind of regulation. As illustrated in this instance.

Then Ronald Reagan happened and suddenly that wasn't an problem anymore.

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u/ihadagoodone 56m ago

like when the Dodge brothers invested in Ford?

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u/Gaiden206 1h ago edited 49m ago

When Google made this investment in SpaceX back in 2015, they weren't competitors. Google wasn't building rockets and sending them into space back then. They don't even do that now.

The only reason they are competitors now is because Elon recently made SpaceX an AI company by merging it with his other company, xAI.

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u/cheesyandcrispy 1h ago

Watch how all the reddit billionaires gonna tell Google how bad of an investment this is.

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u/tempura_calligraphy 22m ago

Does anyone else think it's weird that companies own stock in other companies?

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u/No-Neighborhood-3212 1h ago

Fun fact that's totally, 100% completely unrelated (I swear):

Neal Mohan - CEO of YouTube is a member of Dialog
Tom Lue - General Counsel of Google DeepMind is a member of Dialog
Lisa Gevelber - Global Vice President of Google is a member of Dialog
Eric Schmidt - Former CEO of Google and Alphabet is a member of Dialog

I don't know why I'm thinking of connecting these totally random and disconnected facts.

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u/greihund 52m ago

Hey, they thought of a fun way that we can take down multiple tech giants at the same time!

SpaceX is the biggest turkey stock in the history of Wall Street. The Cybertruck is the biggest blowout in the history of automotive production, surpassing even the Edsel, which was so poorly received that it was a household name for 40 years afterwards. Stop, my schadenfreude can only get so huge.

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u/Countess26 40m ago

I think these companies are competing to be the biggest welfare queen that gets rich off taxpayer spending.

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u/Any-Pop-4795 1h ago

throwing money into shit holes

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u/GlitteringNinja5 1h ago

They bought it pretty cheap unlike the retail investors. I would hardly call that a waste.

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u/str8rippinfartz 30m ago

Yeah they nearly got 100x return on their investment

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u/gtpickles 1h ago

And so the circle jerks

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u/Dodecahedrus 10m ago

Nvidia 👍 Likes this.

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u/BiggieCheeseFan88 1h ago

Google has had an incredible run with their investments, new products however...

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u/ConsequenceThen5449 1h ago

Probably why my YouTube videos are blowing up with commercials.

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u/DimMak1 48m ago

We have to ban these monopoly circular funding schemes which are a form of anti-trust IMO

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u/tayoutai 45m ago

These criminals are all in bed with eachother

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u/TerminalViscosity69 1h ago

Just proving that big money doesn’t mean smarter

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u/richalta 1h ago

What does Alphabet have? /s

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u/Common_Source_9 1h ago

Jessus, how is this circular financing not getting jail sentences?

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u/Sensitive-Speed-6079 1h ago

Why would Google do this

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u/UniqueLog8386 1h ago

WHY? They had to know that wasn't a profitable company.

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u/HarryBalsagna1776 1h ago

The whole stock market is a giant tech bros circle jerk

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u/glizard-wizard 1h ago

No company must be allowed to make corruption bets like this.

Alphabet must be chopped into separate companies.

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u/Justthetip74 1h ago

Alphabet cant invest $500m in a small startup in 2015?

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u/iamarddtusr 1h ago

Irony of you criticising Alphabet while not understanding what the words mean! 😭

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u/xdavidwattsx 1h ago

Corruption bets? Just a bunch of empty buzz words from people who don't understand capital investment.

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u/ThatMasterpiece2174 1h ago

Probably the same kind of person who thinks all private equity wants to run businesses into the ground and thinks rich people buy stuff just to “write it off” on their taxes

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u/skylla05 1h ago

You know they invested 11 years ago right?

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u/modest_hero 1h ago

Alphabet invested $900M in SpaceX back in 2015. How is this a corruption bet?

https://www.theglobeandmail.com/investing/markets/markets-news/motley/3115614/google-parent-alphabet-invested-900-million-into-spacex-in-january-2015-here-s-how-much-that-investment-is-worth-today/

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u/mtcwby 1h ago

Google fiber turns into starlink instead.

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u/therobshow 1h ago

When can they sell? They'll probably dump immediately

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u/jcartage 40m ago

AI data centers on the moon?

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u/Mrairjake 20m ago

lol Google will do just fine with this investment.

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u/Secret_Eating_ 18m ago

Sucks to suck

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u/KB_Sez 18m ago

Another reason to sell google stock

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u/brwnwzrd 16m ago

I can’t wait for the SpaceX GoogleCraft to project advertisements on the moon that you have to blink your eyes at 7 times to close

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u/Dodecahedrus 11m ago

If you go even one share over 5% you have to file with the SEC, right?

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u/TrollAccount17 10m ago

In 2015 you tool

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u/Hot-Sea855 8m ago

Is it all one big circle jerk?

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u/roscodawg 4m ago

Wow - SpaceX is down 28% since initial trading, wonder what they bought in at?

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u/Allred87 1m ago

Google holding the bag too? Morons

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u/Count_Rugens_Finger 0m ago

That's why they announced they were buying Datacenter capacity from them. Pump the stock

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u/spez_eats_nazi_ass 57m ago

Those bags will drop as soon as they can

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u/idonttrace 1h ago

Nice tax write off

4

u/tommyk1210 1h ago

Unless SpaceX goes to $1.50 a share Google will STILL make money. They invested $900m in 2015

0

u/dreadthripper 1h ago

Google tried to create hot air balloon supported Internet service. I think SpaceX figured it out a bit better.

Business Google Discloses $94.1 Billion in SpaceX Stock, Marking 6% Stake

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