Google in Talks with SpaceX for Rocket Launch Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
Alphabet Inc's stock rose by 3.78% as it reached a 52-week high.
The increase in stock price is attributed to Alphabet's discussions with SpaceX to establish a rocket launch deal, which aims to enhance its data processing capabilities through orbital data centers in space. This strategic move is expected to bolster its cloud services and position the company favorably in the competitive tech market.
This collaboration with SpaceX not only signifies Alphabet's commitment to advancing space technology but also highlights its potential to create new revenue streams and maintain its leadership in the tech industry.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 363.790
Low
305.00
Averages
374.25
High
400.00
Current: 363.790
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Shareholder Wealth Distribution: The IPO has minted several billion-dollar shareholders, with Valor Equity Partners holding a stake worth approximately $96.6 billion, reflecting strong investor confidence in SpaceX's future prospects.
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- Executive Stake Holdings: Among SpaceX executives, Gwynne Shotwell holds shares valued at $2.4 billion, while CFO Bret Johnsen's stake is worth $1.2 billion, demonstrating the management's confidence and commitment to the company's future growth.
See More
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- Competition with Alphabet: Alphabet owns over 6% of SpaceX and pays $920 million monthly for AI compute capacity, highlighting a competitive yet symbiotic relationship; however, Alphabet's diversification and profitability make it a more attractive investment option.
- Future Growth Potential: SpaceX aims to deploy orbital AI compute satellites by 2028, targeting $1 trillion in revenue by 2031, which, despite significant upfront costs, could greatly enhance its market position and profitability if successful.
- Collaboration Opportunities with Nvidia: SpaceX's orbital data centers will require substantial Nvidia GPUs, positioning Nvidia as a key supplier, which could further solidify its leadership in the AI hardware market while providing SpaceX with robust technical support.
See More
