Why Google stock may be the best way to invest in SpaceX, Anthropic

SpaceX, billionaire Elon Musk’s artificial intelligence (AI) and space infrastructure company, goes live on Nasdaq just hours from now – and Anthropic isn’t far behind either, having confidentially filed its S-1 at a valuation of nearly $1 trillion.

For investors seeking to ride these historic debuts but wary of their unpredictability and premium price tags, there’s a quieter, more grounded alternative sitting right in plain sight: Alphabet Inc NASDAQ:GOOGL, the parent company of Google, which holds meaningful stakes in both companies.

Why Google stock is your backdoor to SpaceX

Alphabet made a $900 million investment in SpaceX back in 2015, when the rocket company was valued at just $12 billion, securing a near 7.5% stake.

That bet has aged extraordinarily well.

SpaceX has priced its IPO at $135 per share, commanding a valuation of roughly $1.8 trillion – and Google currently owns just over 6% of it, according to the latest Alaska state filing.

The relationship runs deeper than equity.

Google agreed last week to pay SpaceX about $920 million per month for AI computing power through June 2029, a deal worth some $30 billion in total.

That means Alphabet’s money feeds SpaceX revenue either way – as a shareholder and as a client – creating uniquely layered exposure that no retail investor can easily replicate.

Why GOOGL shares are your backdoor into Anthropic

Alphabet’s position in Anthropic may be even more compelling. The company has invested more than $3 billion in Anthropic – a stake estimated at about 14%.

Anthropic’s annualized run-rate revenue has reached an estimated $44 billion, and the company is on track to post its first-ever operating profit – some $559 million – for the second quarter.

The AI research lab recently filed its S-1 confidentially with the SEC at a valuation of about $965 billion, with the potential to debut at a valuation above $1 trillion.

For Google shareholders, this isn’t just a passive bet; it’s a strategic alignment.

Anthropic’s Claude AI competes and collaborates within Alphabet’s ecosystem – and a successful IPO would crystallize enormous paper gains for the giant’s balance sheet, potentially unlocking value that the market has yet to fully price in.

Wall Street remains bullish on Alphabet Inc

At current IPO valuations, Alphabet’s combined stakes in SpaceX and Anthropic are estimated to be worth roughly $243 billion.

For investors who want exposure to the two most talked-about IPOs of this generation, without the volatility of chasing freshly listed shares, Alphabet offers something rare – a world-class business that already works, wrapped around two of the most valuable private companies on the planet.

Wall Street currently has a consensus “Strong Buy” rating on Alphabet stock, with the mean price target of $433 indicating potential upside of more than 22% from here.