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Story summary
- Alphabet Inc.'s 2015 investment in SpaceX is poised to yield returns as SpaceX's IPO is projected as the largest in history.
- Alphabet Inc.'s SpaceX stake stood at 6.11% at end-2025, valued $122 billion at a $2 trillion valuation, but likely diluted to about 5% after SpaceX's merger with xAI.
- The SpaceX IPO, targeted for June, could raise up to $75 billion and potentially make Elon Musk the world's first trillionaire.
