Alphabet discloses 94 billion dollar SpaceX stake amid major tech selloff

Alphabet, the parent company of Google, revealed a $94 billion holding in SpaceX, amounting to approximately 6% of the tech giant's total market value. According to financial disclosures, $80 billion of the stake is bound by short-term sale restrictions, while $14.1 billion remains locked under long-term conditions extending into late 2027.

The disclosure coincides with a sharp downturn across major technology equities. The group of major US tech companies known as the "Magnificent Seven"—including Alphabet, Tesla, Microsoft, Amazon, Meta, Apple, and Nvidia—erased nearly $797 billion in combined market value during a single trading session. Alphabet shares dropped 6.8%, while Tesla experienced the largest decline among the group, falling 14.5% in its worst daily performance in over a year.

Sources: Jornal Económico.