In ten years, Alphabet’s investment in SpaceX increases by a hundred times to $94 billion

Alphabet’s initial bet on SpaceX multiplied more than a hundredfold; Google’s parent company revealed a stake worth about $94 billion at the end of June. Up from the $900 million investment it said it had made in Elon Musk’s rocket company in 2015.

Alphabet consolidated itself, by far, as SpaceX’s largest individual institutional shareholder following the company’s $86 billion valuation in June. According to a Reuters analysis based on publicly available quarterly reports.

Among other investors who revealed their holdings following this valuation are Fidelity Investments (one of the first to support the company. The Public Investment Fund of Saudi Arabia (the country’s sovereign wealth fund) and Hancock Prospecting, the holding company controlled by Australian mining magnate Gina Rinehart.

These reports shed light on the magnitude of the positions acquired by SpaceX investors during the company’s transition from a closely held startup to a publicly traded giant. Along with other public disclosures about early investments — including that of Alphabet. They also highlight the dramatic increase in value of some of the first investments made in SpaceX.

Because 13F data is collected quarterly and disclosed within six weeks of the quarter close. The information is not current and does not reflect purchases or sales made by these large investors since June 30.

There are other limitations, given the vast universe of investments in SpaceX and the different time frames in which these shares become eligible for sale in the public markets.

“It’s extremely difficult to determine which institutions owned shares pre-IPO,” said Steve Sosnick, market strategist at Interactive Brokers.

Alphabet is an exception, as the company publicly disclosed its $900 million investment in SpaceX in 2015. Providing a rare benchmark to compare the value of its current stake.