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

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Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#11

FIFY: Google discloses $94B loss

They didn't invest 94B$

But yes the stock could go down much further and I hope they are willing to show the losses if they can show this as gains today.

Imagine the next call being about how their 95$B went to sub 30B$..

Will that be a negative line item. I don't see the point in disclosing this stake as earnings.

But I do get that accounting was made as a tool for companies to show off.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#13
post #10

Hopefully they made this investment pre-IPO at some vastly lower valuation because otherwise… …this is a not going to end well for them.

They got in at a ~12B valuation. They'll be fine

If true then they paid under $800 Million for their 6%, now valued at $94 Billion.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#15
post #10

Earlier quoted context omitted.

They got in at a ~12B valuation. They'll be fine

If true then they paid under $800 Million for their 6%, now valued at $94 Billion.

Yes, google they paid $900 millions in 2015 for about 7% stake, 100X. % Number probably fell because of all the "merging".

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#20

100x return, I would sell immediately after this kind of gain, maybe that's why I am not a Google

This is a micro/macro mistake. You obviously can't dump a 6% stake at strike price on Robinhood.

"The Market", at this scale, means "You find the buyer(s) yourself and work up the deal with a hundred lawyers and PR staff and hope the contract negotiation stays secret".

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