3 months Investing in ‘Space’ via GOOG/L Reddit      

I’ve recently seen quite a few posts/comments regarding investing in the space sector.

And a source that seems to often get overlooked is that Alphabet (GOOG/L) owns an 8.3% in SpaceX.

This is of course just one of the 1-million +1 things Alphabet has a piece of. But that’s also one of the reasons that it may make for a more diversified (albeit diluted) plays in the space arena.

Note: I do own GOOG/L but not particularly for this reason. But I do find it another reason that makes this company appealing. I am not a financial advisor… just another random redditor that should always be taken with a gallon of salt – followed by your own research.

Wikipedia:

In January 2015, SpaceX raised US$1 billion in funding from Google and Fidelity, in exchange for 8.33% of the company, establishing the company valuation at approximately US$12 billion.[48] The same month SpaceX announced the development of a new satellite constellation, called Starlink, to provide global broadband internet service with 4,000 satellites.

submitted by /u/RockChalkWalk
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