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Google's parent company, Alphabet, is expected to see a substantial paper gain as SpaceX completes a tender offer. The transaction values SpaceX at approximately $800 billion, with insiders selling shares at $421 per share, a significant increase from previous prices, which may further boost the paper value of Google's stake in SpaceX. Since 2015, Alphabet has invested in SpaceX, acquiring approximately a 10% stake. In April this year, the revaluation of SpaceX's worth had already led Alphabet to disclose $8 billion in unrealized gains. Although Alphabet has not detailed its holdings in unlisted companies, changes in SpaceX's valuation have been reflected in its financial reports. Investors are closely watching Alphabet's next earnings report, anticipating a new round of earnings boost.
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