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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

#201

Post by mindslight »

stevenjgarner wrote: post #188
cinntaile wrote: post #180

Earlier quoted context omitted.

Did I miss something? When did Spacex get into the fab business?

The project was first teased by Musk in early 2026 and officially announced on March 21, 2026 during a special event at the defunct Seaholm Power Plant in Austin, Texas [1][2] [1] https://en.wikipedia.org/wiki/Terafab [2] https://terafab.ai/

So part of the extended cinematic universe then.

(man, I wish I could get people to throw money at me for all of my outstanding projects that I buy some parts for and would be nice to do "some time")

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

#202

Post by dgellow »

ajross wrote: post #20
throwaw12 wrote: post #14

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".

Isn't that literally what institutional trading desks are for? One of the reason to use one is that they can execute a large order without impacting the market price

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

#203

Post by minraws »

HFguy wrote: post #48
minraws wrote: post #11

Earlier quoted context omitted.

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.

Accounting goes back thousands of years. It was not made as a tool to show off. Lesson is more that tools can be abused for other purposes than intended.

correction "modern business accounting".

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

#204

Post by pyuser583 »

panarky wrote: post #192
Polizeiposaune wrote: post #99

Earlier quoted context omitted.

There are three classes of Google stock. By voting rights, they have 10x (founder stock), 1x (trading as GOOGL), and 0x (trading as GOOG). The class with 10x voting rights does not trade publicly. The class with 1x voting rights does not have enough voting power to control the direction of the company so there is no real difference in perceived value between GOOG and GOOGL. Employee stock awards are IIRC all in restr…

You are correct. Interestingly, the 10x shares held by Brin and Page constitute only 11% of the economic value of Alphabet, but 51% of the voting control. And the 10x shares automatically convert to 1x shares upon transfer or inheritance, so if the founders cash out or die, the 10x supervoting power disappears.

Oh wow so that lets them honestly say they have the same value as other shares?

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

#205

Post by dgellow »

ajross wrote: post #76
TheAtomic wrote: post #40

Earlier quoted context omitted.

Actually, that's the service provided by GS, etc. They have those buyers on the other side of their Rolodex.

Well, yes. They're the ones who actually employ the hundred lawyers and PR staff. But that's what it takes, and it's not about clicking some buttons on a Web 2.0 Day Trading UI.

It's really not far from it. You don't need to do a private off-exchange sale (though you can), they do incremental execution (where you break the trade in small batches)

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

#206

Post by SwellJoe »

andxor wrote: post #175
nonethewiser wrote: post #123

Earlier quoted context omitted.

How is Alphabet the modern Berkshire Hathaway?

Google's return of invested capital has averaged 32% since IPO. This may be a narrative violation on HN, but the quality of Google's management is exceptional.

Because Google, the business, is run so well, Google, the product, can be kinda shit for quite a long time before anyone who is only watching the business notices anything is wrong. Microsoft had the same situation, inspiring Bill Gates' famous email: https://techcrunch.com/2008/06/25/gates-sends-angry-e-mail-s...

I don't think anybody at Google has sent that email, yet. Maybe Sergey and Sundar don't use Google products, anymore. Maybe they have a special Google just for billionaires that doesn't suck.

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

#207

Post by SwellJoe »

It seems obvious that the deal Google signed to rent compute from xAI just before the IPO was specifically to goose the IPO, giving xAI nice looking growth. They could have paid a lot more for that deal and still made it all back on the IPO. I don't believe for a second Google needs the compute. They've got their own AI inference hardware, the biggest data centers in the world, and they don't make any of the most popular AI products. They're not desperate for compute.

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

#208

Post by cromka »

jeffbee wrote: post #160
cromka wrote: post #148

Earlier quoted context omitted.

Google Cloud, low latency cross-continental links, etc.

I don't think gcp customers were hoping for higher latency, 5% packet loss, and modem speeds.

lower latency. You forget about cross-satelite laser links that shorten the latency for cross-continental traffic.

Everything else you said draws from some regular consumer experiences. That's not what I am talking about here.

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

#209

Post by lkbm »

adastra22 wrote: post #120
benoau wrote: post #114

Earlier quoted context omitted.

Presumably Starlink for routing throughout space. Google does under-sea cables and domestic internet access too.

They invested in SpaceX long before Starlink was a thibgy

Starlink wasn't working yet, but had been announced as a thing they intended to do.

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

#210

Post by miohtama »

bdangubic wrote: post #161
dmix wrote: post #146

Earlier quoted context omitted.

Tesla is making two big R&D plays into humanoid robotics and cyber taxi. That’s just as bold and requiring innovation as the SpaceX AI and starship stuff. That plus Tesla/SpaceX/Intel are together putting big money into Terafab to make semiconductors in Texas for those platforms.

> Tesla is making two big R&D plays… The funniest thing you can write… Can’t believe people still write “Robotaxi” after 12+ years of failed promises… wild wild stuff

Waymo currently operates 250,000 paid robotaxi rides a week across several U.S. cities, and the robotaxi market is projected to grow at a yearly rate of ~70% from 2025 to 2030.
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