Thread

1. nova22033 · 1790280227 · focus · HN ↗

   Alphabet holds approximately 551 million shares of SpaceX (trading under the ticker SPCX), valued at roughly $94.1 billion, which represents about a 4% to 6% stake in the company.

   1. foota · 1790281250 · focus · HN ↗

      It's a little crazy they haven't tried to sell it off yet. Maybe they don't want to trigger a bank rush or they're limited in their ability to do so?

      1. sterlind · 1790283781 · focus · HN ↗

         why would they sell? because of ridiculously large the valuation is? like, I guess at SpaceX's valuation there's tremendous downside and little upside (x2 growth is unlikely when it's a third of the tech sector)

         1. Andrex · 1790283930 · focus · HN ↗

            I could also see some key decision-makers just being nerds that like space.
         2. alexnewman · 1790284538 · focus · HN ↗

            I don’t see how America or Google remain relevant unless SpaceX succeeds .

            1. formvoltron · 1790288294 · focus · HN ↗

               Huh?
            2. maxlin · 1790292119 · focus · HN ↗

               This. China's copying SpaceX's homework and the public/private system towards that is operating so efficiently, if SpaceX lets off the gas, US is going to fall behind off the next long term gold rushes like asteroid mining, and said space datacenters.

               1. [deleted] · 1790300177 · focus · HN ↗

                  [deleted]

               2. alexnewman · 1790435096 · focus · HN ↗

                  icbms

                  1. maxlin · 1790538214 · focus · HN ↗

                     Everyone already has enough ICMB's to saturate any need for a total nuclear holocaust, that's not really an "issue"
            3. Mountain_Skies · 1790302396 · focus · HN ↗

               We must not allow a mineshaft gap.

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