The equity framework of SpaceX has garnered considerable interest. According to the latest filings, as of the end of 2025, Google owns a 6.11% share in SpaceX. Factoring in equity dilution, Google’s current stake is estimated to be approximately 5%, equating to a valuation of around $100 billion. Google’s partnership with SpaceX began in 2015, when Google and Fidelity Investments jointly invested capital, securing a 10% stake in the aerospace company. SpaceX is set to launch its initial public offering (IPO) in June 2026, with a target valuation projected to fall between $1.75 trillion and $2 trillion. This positions Google’s investment for a potential 100-fold increase in value. Beyond SpaceX, Google has also made strategic investments in firms like Anthropic and Waymo, propelling its evolution into a diversified super holding group. SpaceX enjoys a solid commercial footing, and its IPO will transform the paper wealth of early backers such as Google into concrete financial gains. Moreover, Google’s own business performance continues to thrive, with revenue exceeding $400 billion in 2025. By the close of U.S. stock trading on April 15, its total market capitalization had reached $4.04 trillion.