This article first appeared on GuruFocus.
Alphabet’s (NASDAQ:GOOG) SpaceX investment has grown into a roughly $94 billion holding, giving the technology giant the largest institutional position disclosed after the private space company’s $86 billion initial public offering.
Alphabet first invested $900 million in SpaceX in 2015. Based on the latest disclosed valuation, that stake has increased more than 100-fold over the past decade.
Other major investors have also disclosed SpaceX holdings. Nvidia (NVDA) reported about 122.76 million shares, while Advanced Micro Devices (NASDAQ:AMD) disclosed a new position of roughly 3.31 million shares.
Saudi Arabia’s Public Investment Fund reported approximately 154.15 million shares, and D1 Capital disclosed about 126 million shares. Tiger Global and Viking Global also reported SpaceX positions, while Fidelity Investments and Hancock Prospecting were among other notable holders.
The figures come from quarterly institutional filings, which can lag actual trading activity. The disclosures do not indicate whether investors face restrictions on selling their shares or whether they have changed their positions since June 30.
Alphabet’s long-standing investment provides a rare reference point for measuring how the value of an early SpaceX stake has changed over time.