Alphabet made $8 billion in profit from Musk's SpaceX investment — Bloomberg

Alphabet said its profit for the first quarter of 2025 increased by $8 billion due to unrealized income from an investment in a private company, which, according to a Bloomberg source, is Elon Musk's SpaceX.

Google, part of Alphabet, has been investing in SpaceX since at least 2015, when it, along with Fidelity, invested $1 billion in exchange for about a 10% stake. In December 2024, SpaceX conducted a share buyback that valued the company at $350 billion.

As a result, Alphabet’s net income for the quarter ended March was $34.5 billion, or $2.81 per share, well above the $2.01 forecast. The company said in its financial report that this included $8 billion in unrealized gains on unlisted securities related to an undisclosed private company. Alphabet declined to comment on the information.