Google’s SpaceX bet - Wyatt Investment Research

SpaceX is now being valued near $800 billion…

And that has turned Google’s $1B investment in SpaceX into roughly $70B.

The excitement around SpaceX’s IPO is sending space stocks soaring.

Back in 2015, Alphabet teamed up with Fidelity to invest $1 billion into Elon Musk’s space company.

That deal gave them a 10% stake.

And it’s paying off in a massive way.

According to Bloomberg, SpaceX is wrapping up a new tender offer that values the company near $800 billion.

They say insiders sold shares at $421 per share.

This higher price effectively lifts Alphabet’s SpaceX investment on paper.

Alphabet doesn’t reveal its private holdings by name in its filings.

Instead, changes like this show up under an accounting line called “unrealized gains on non-marketable equity securities.”

That’s why Alphabet’s next earnings report could see a bump tied to its SpaceX stake.

This is exactly what happened back in April.

Alphabet revealed an $8 billion unrealized gain from a private-company investment.

It was widely understood to be SpaceX after a late 2024 tender valued the space company around $350 billion.

Now with SpaceX potentially valued twice as high…

The next earnings report could tell a similar story.

The news around SpaceX’s IPO is incredibly bullish for space stocks.

That’s why many are already seeing double-digit gains in less than a week.

Rocket Lab is up a shocking 15% since last Wednesday…

EchoStar has jumped almost 12% since then…

And Firefly Aerospace is up 15% in that same time frame as well.

So, what’s the best space stock to buy right now?

I’m placing my bets on a hidden space company that’s preparing to IPO on the NYSE in December.

Their new launch breakthrough allows them to put the same low-Earth orbit (LEO) satellites into space that SpaceX does…

But at a dramatically lower cost.

Ian Wyatt