Looks like Alphabet owns ~7.5% of SpaceX. Alphabet is worth $1.67T; SpaceX is worth, say, $150B. This means ~$11B of Alphabet (~0.66%) is SpaceX. That is an extremely dilute method of gaining exposure to SpaceX!
(Disclosure: I work for Google, which is part of Alphabet)
Dilute is better than zero I suppose. Presumably the play is that SpaceX might end up controlling an extremely profitable Mars colony, creating the ultimate gigaunicorn, and making that 0.66% seem much bigger. This influx of cash will also allow Musk to become President of Earth, at which point even those with dilute indirect holdings in SpaceX will be sitting pretty. It's a classic long-term play really.
Well, he's just following the American model. Leave, displace and colonize, rebel, and declare sovereignty.
To those who would follow him on such a mission? Sayonara. He's spoken about how it would be mostly work for those living there, and I wouldn't be surprised if he tried to implement a 9/9/6 schedule.
I would trust Weyland Yutani with a Mars colony before I would trust EM.
Call me a nerd, but that's be an acceptable cost to being a colonist on another planet for me. 9/9/6 would be a cheap cost for insuring the success of the human race.
The point is that 10% swing in Google's performance (in either direction) has much bigger impact on stock price than 1000% swing in SpaceX performance.
Amdahl law applied to company performance.
Don't buy Google to own SpaceX.
Wait until Starlink IPO and buy that (if not too expensive).
