Key Points
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Alphabet owns about 7% of SpaceX, a stake that could be worth more than $120 billion after the aerospace company goes public.
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Alphabet’s cloud computing revenue has accelerated in three consecutive quarters amid strong demand for its Gemini models and TPUs.
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Alphabet’s Waymo is the market leader in autonomous ridesharing, a market projected to increase at 99% annually through 2033.
Alphabet’s $900 million investment in SpaceX in 2015 has yielded significant returns, currently valued at approximately $56 billion after SpaceX’s valuation soared to $800 billion. Following a merger with xAI, SpaceX is targeting a potential IPO valuation of $1.75 trillion, propelling the worth of Alphabet’s stake to over $120 billion.
Alphabet has reported a 48% increase in Google Cloud revenue in Q4 2025, driven by high demand for its AI products, including tensor processing units (TPUs). Additionally, its autonomous ridesharing unit, Waymo, is projected to dominate the market, accounting for 34% of autonomous vehicle trips by 2032.
