Alphabet's SpaceX Stake Down $28B as SPCX Slides 30% From Peak
GOOG sits 82% above its 52-week low of $195.22 on light trading volume (0.3× avg).
Summary
Alphabet's 13F filing shows SpaceX accounted for 95% of its public equity portfolio as of June 30, worth ~$94B. Since then, SPCX has tumbled ~30% from post-IPO highs, cutting the stake's value to ~$66B — a $28B paper loss. Most shares are locked up, limiting near-term action, but the concentration is extreme. Today's 10% bounce off $115 lows adds volatility. This follows SpaceX's blockbuster June IPO and subsequent slide from $225+.
At the time of this announcement, GOOG was trading at $354.44 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.3T. The 52-week trading range was $195.22 to $404.47. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Benzinga.