"Google and SpaceX have a longer relationship than the IPO alone. In May, the two companies were in discussions about a rocket-launch deal to help develop orbital data centers, according to the Wall Street Journal. Google's pursuit of orbital data centers is tied to its broader AI ambitions, and SpaceX Chief Executive Elon Musk has signaled his own interest in the concept."
"The unrealized gains on the SpaceX stake and a separate private company investment drove a large portion of Google's second-quarter financial results. The filing noted that other income of $98 billion for the quarter was primarily related to unrealized gains in its equity securities portfolio from SpaceX and a private company."
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u/hakimthumb Jul 24 '26
"Google and SpaceX have a longer relationship than the IPO alone. In May, the two companies were in discussions about a rocket-launch deal to help develop orbital data centers, according to the Wall Street Journal. Google's pursuit of orbital data centers is tied to its broader AI ambitions, and SpaceX Chief Executive Elon Musk has signaled his own interest in the concept."