SpaceX investment fuels Alphabet’s $8 billion profit surge

SpaceX investment fuels Alphabet’s $8 billion profit surge

Alphabet Inc.’s first-quarter profit soared, boosted by an $8 billion unrealized gain from its investment in SpaceX. Since 2015, Alphabet has been a key SpaceX investor, joining Fidelity Investments to inject $1 billion for a 10% stake in the space firm. The tech giant reported a 46% surge in net income to $34.54 billion, driven by strong advertising revenues and the SpaceX windfall, Bloomberg reported Thursday, citing a person familiar with the…

Nearly 25% of Google’s Q1 net income reportedly came from its SpaceX investment

Unrealized gains from an investment in an unnamed private company gave Alphabet an $8 billion boost....

Google-Parent Alphabet Got $8 Billion Unrealized Profit Boost Reportedly From Investment In Elon Musk's SpaceX - Alphabet (NASDAQ:GOOG), Tesla (NASDAQ:TSLA)

Search giant Google’s parent company, Alphabet Inc. (NASDAQ:GOOG), just reported its highest-ever quarterly earnings, bolstered by other income in the form of an unrealized gain tied to its investment in a private company. What Happened: On Thursday, the search giant reported $34.5 billion in earnings during its first quarter, an increase of 46% year-over-year. This performance was aided by the company’s $11.2 billion in “Other Income,” which ma…

Alphabet’s Profit Gets $8 Billion Boost From SpaceX Investment

Alphabet Inc. said its first-quarter profit was boosted by $8 billion in unrealized gains from an investment in a private company. That company is Elon Musk’s Space Exploration Technologies Corp., according to a person familiar with the matter.

Google made an extra $8 billion last quarter but won't say how. I have some guesses.

Google reported an $8 billion gain on a company it's invested in. But which one?Vuk Valcic/SOPA Images/LightRocket via Getty ImagesImagine making an extra $8 billion and not really caring about it.That's Google, right now: The company says the value of one of its investments increased by $8 billion this quarter, but won't say which one.I have some ideas.Most companies would make a big deal if they found an extra $8 billion in their couch cushion…

Alphabet Inc. (NASDAQ:GOOG) Position Increased by Knightsbridge Asset Management LLC

Knightsbridge Asset Management LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,258 shares of the information services provider’s stock after acquiring an additional 242 shares during […]