Alphabet Raises SpaceX Holding and Adds Nvidia GPU Deal

Alphabet expands its SpaceX position

Yahoo Finance reports that Alphabet, listed on NasdaqGS under GOOGL, increased its SpaceX stake by nearly 4 million shares. The report says the holding is now worth about US$69 billion. It also says Alphabet’s original investment in SpaceX was US$900 million, showing a very large rise in the implied equity value.

Separate deal for Nvidia GPU access

According to Yahoo Finance, Alphabet has agreed to make monthly payments to SpaceX in exchange for access to Nvidia GPUs. The outlet says this arrangement is meant to support Gemini Enterprise, Alphabet’s AI platform. The report frames the deal as a direct way to supply the compute resources needed for that product.

Broader links between Alphabet, cloud, and connectivity

Yahoo Finance says Alphabet’s business spans search, YouTube, cloud, and other digital services across multiple regions, which makes infrastructure important to its operations. The article says the deeper connection with SpaceX fits into that environment because it links Alphabet’s Gemini Enterprise plans to both its cloud platform and a space-based connectivity partner.

Why the report says the moves matter

The article says the larger SpaceX stake gives Alphabet indirect exposure to a private company tied to data-heavy services. It also says the GPU agreement affects how quickly Gemini Enterprise can be provided to paying customers. Yahoo Finance says these steps show Alphabet relying on outside compute and connectivity rather than only its own data centers.

Risks and what to watch next

Yahoo Finance says the developments fit an existing view that Alphabet is spending heavily on AI infrastructure and must turn that spending into lasting demand for Gemini and Google Cloud. The report says one warning sign is whether those commitments, including TPUs and long-term power deals, lead to stronger cash generation rather than just higher depreciation and energy costs. It says investors should watch AI-related revenue and cloud performance in Alphabet’s next quarterly updates after October 2026, along with any disclosure on Gemini Enterprise usage, AI-weighted cloud backlog, future bond filings, capex commentary, and whether the company shifts back toward in-house TPUs and data centers.