Google Stake In SpaceX Nears 122 Billion Dollars Ahead Of Proposed June IPO

Google holds a 6.11% stake in SpaceX as Elon Musk prepares for a potential $2 trillion IPO in June. See how this stake compares to Dell and Adobe's market caps.

By: AXL Media

Published: Apr 16, 2026, 5:29 AM EDT

Source: Information for this report was sourced from MarketWatch

The Massive Appreciation Of A Decade Long Bet

In 2015, Google and Fidelity invested a combined $1 billion into SpaceX, a move that secured approximately 10% of the company when it was valued at just $10 billion. Over the last decade, that venture has transformed from a speculative play on satellite imaging into one of the most valuable private holdings in the technology sector. Recent filings with Alaska’s Commerce Department reveal that Google’s remaining 6.11% stake has ballooned in value following SpaceX's merger with xAI and its continued dominance in the Falcon 9 launch market.

A Valuation That Surpasses Major Public Corporations

Should SpaceX achieve its targeted $2 trillion valuation during its upcoming public offering, Google's share of the company would be worth approximately $122 billion. This figure exceeds the total market capitalization of established public giants such as Dell Technologies, which currently sits at $114 billion, and Accenture, valued at $119 billion. Even at a more conservative valuation of $1.75 trillion, Google's $107 billion position would still outweigh the market caps of prominent firms like CrowdStrike, Adobe, and Northrop Grumman.

Confidential IPO Filing Sets Stage For June Debut

SpaceX has reportedly filed for an initial public offering under confidential terms, aiming to raise at least $75 billion. Market analysts suggest that Elon Musk could take the aerospace leader public as early as June 2026, marking a historic milestone for the private space industry. While Musk has publicly disputed reports of a $2 trillion valuation, the company’s recent absorption of xAI and the expansion of its Starlink satellite-internet business have fueled intense investor appetite for what is expected to be a record-breaking market entrance.