It is because SpaceX's valuation has increased dramatically
jliu6667
2025-12-12 17:59:52
( reads)
from around $200 billion to an anticipated IPO valuation of $1.5 trillion in a relatively short period of time. At the same time, no one knows what SpaceX will actually be worth at IPO. In the best case, I think it might give GOOG a 2% boost in stock price. Similarly, Waymo is only minimally reflected in Google's stock valuation today and is far from being fully priced in.