Google Parent Alphabet Invested $900 Million Into SpaceX in January 2015 -- Here's How Much That Investment Is Worth Today
Alphabet's stake in SpaceX is now worth more than the gross domestic product (GDP) of Costa Rica.
Overview
When most investors think of Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), they likely envision its globally dominant internet search engine (Google), ultra-popular streaming platform (YouTube), or the world's No. 3 cloud infrastructure services platform (Google Cloud). But what they may not realize is what a truly phenomenal investor Google has been.
While retail investors have seemingly tripped over each other to gain exposure to Space Exploration Technologies (SpaceX) (NASDAQ: SPCX) following its record-setting initial public offering (IPO), Google has been a stakeholder for well over 11 years. This initial investment is now worth more than the GDP of Costa Rica.
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Originally published at www.fool.com.