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

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

Bloomberg04-25

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., ...

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SuperDuper1
·04-25
This US$8b MTM profit was used to buffer up Alphabet's earnings and it should be excluded to determine core earnings. It is a non- cash item, which is not subject to corporate tax. Excluding the item, earnings would have been a miss and yet Wall Street is celebrating.
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That company is Elon Musk’s Space Exploration Technologies Corp., ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-04-24/alphabet-s-profit-gets-8-billion-boost-from-spacex-investment\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.bloomberg.com/news/articles/2025-04-24/alphabet-s-profit-gets-8-billion-boost-from-spacex-investment","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191252691","content_text":"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.Internet search giant Google, owned by Alphabet, has been a major investor in SpaceX since at least 2015, when it joined Fidelity Investments in a $1 billion investment for a combined stake of about 10%, Bloomberg reported at the time. In December 2024, SpaceX and investors agreed to buy insider shares in a transaction that valued Musk’s rocket and satellite maker at about $350 billion, Bloomberg reported.Alphabet’s net income in the quarter that ended in March rose to $34.5 billion, or $2.81 a share. Though profit topped Wall Street’s average projection of $2.01 per share, earnings included an $8 billion “unrealized gain on our non-marketable equity securities related to our investment in a private company,” according to a filing Thursday. Alphabet didn’t name the company.An Alphabet spokesperson declined to comment.","news_type":1,"symbols_score_info":{"GOOGL":1.1,"GOOG":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":8,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}