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.

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