SpaceX Stock Meltdown Takes $28 Billion Bite Out of Google's Portfolio
The latest 13F filing by Google's parent company, Alphabet, shows that SpaceX accounts for 95% of its public equity portfolio.
Google's parent company owns a huge amount of SpaceX stock—so much that if SpaceX's value drops, it really hurts Google's money. When one company puts almost all its eggs in one basket, you should watch how that basket is doing, because big changes there can affect the whole company.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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