Alphabet maintains massive SpaceX bet, initiates $548M Qualcomm stake
Alphabet (GOOG [https://seekingalpha.com/symbol/GOOG]) has maintained its long-standing investment in SpaceX (SPCX [https://seekingalpha.com/symbol/SPCX]) while adding a new $548 million position in Qualcomm (QCOM [https://seekingalpha.com/symbol/QCOM]), as the two companies expand their AI collaboration to bring Gemini Intelligence to Snapdragon-powered devices. Google first invested $900 million in SpaceX in January 2015. By September 30, Alphabet held 555 million shares in the rocket maker, with the stake accounting for approximately 95% of its reported stock portfolio with market value of $83.7B. Despite a 12% dip in SpaceX's share price during the quarter, the investment had grown nearly 93-fold in value since the initial investment. Meanwhile, Alphabet trimmed position in Ethos Technologies (LIFE [https://seekingalpha.com/symbol/LIFE]), Revolution Medicines (RVMD [https://seekingalpha.com/symbol/RVMD]), and Freshworks (FRSH [https://seekingalpha.com/symbol/FRSH]) and exited position in GitLab (GTLB [https://seekingalpha.com/symbol/GTLB]), Spero Therapeutics (SPRO [https://seekingalpha.com/symbol/SPRO]), and Autolus Therapeutics (AUTL [https://seekingalpha.com/symbol/AUTL]). Alphabet initiated a new position in Qualcomm (QCOM [https://seekingalpha.com/symbol/QCOM]), While Google already develops its own Tensor Processing Units (TPUs), Qualcomm could play a significant role in bringing Gemini directly to Android devices powered by Snapdragon chips, creating another avenue for the companies to capitalize on growing AI adoption. Source: 13F [https://www.sec.gov/Archives/edgar/data/1652044/000165204426000086/xslForm13F_X02/information_table.xml] MORE ON ALPHABET, SPACEX, ETC. * Alphabet: Why The Company Remains A Strong Buy [https://seekingalpha.com/article/4963221-alphabet-why-the-company-remains-a-strong-buy] * Alphabet: TPU Sales And Gemini Enterprise Are Reshaping The Bull Case [https://seekingalpha.com/article/4964102-alphabet-tpu-sales-and-gemini-enterprise-reshaping-bull-case] * Qualcomm: Right Tech, Wrong Market Timing - Moving To The Sidelines [https://seekingalpha.com/article/4963911-qualcomm-right-tech-wrong-market-timing-moving-to-sidelines] * NASA awards billions in contracts to expand lunar exploration, build moon base [https://seekingalpha.com/news/4668777-nasa-awards-billions-in-contracts-to-expand-lunar-exploration-build-moon-base] * Democrats signal Musk, corporate probes as investors face new oversight risks [https://seekingalpha.com/news/4668774-democrats-signal-musk-corporate-probes-as-investors-face-new-oversight-risks]