Alphabet’s Google May Be Sitting On A $234B Gold Mine — And SpaceX, Anthropic IPOs Could Unlock It This Year

• The initial public offerings from SpaceX and Anthropic are among the hottest offerings investors are watching for 2026.
• Given their target IPO valuations, Google’s stake in the two firms combined stands to nearly double to $234 billion. 
• Retail investors are already picking stakes in marquee pre-IPO tech firms, including OpenAI, through funds such as Fundrise Innovation Fund (VCX), Destiny Tech100 (DXYZ), and those run by Ark Invest.

Alphabet, Inc. could be sitting atop a massive, unrealized windfall worth hundreds of billions thanks to its stakes in Elon Musk’s rocket company, SpaceX, and the OpenAI challenger, Anthropic, both of which are planning to go public later this year.

The initial public offerings from SpaceX and Anthropic are the hottest offerings investors are watching for 2026 – SpaceX’s IPO could trump Saudi Aramco’s to be the largest to date – and investors are already lapping up exposure through funds such as Fundrise Innovation Fund (VCX), Destiny Tech100 (DXYZ), and those run by Cathie Wood’s Ark Investment Management.

Google owns a 6.1% stake in SpaceX, according to an April filing with Alaska’s Department of Commerce, Community, and Economic Development. Its stake in Anthropic is reportedly around 14%. The latter figure is from Google’s submissions in an antitrust court case in March last year, and was reported by the New York Times.

The quantum of Google’s shareholding would have changed somewhat after Anthropic raised a $30 billion round at a $380 billion valuation in February.

Based on Stocktwits’ calculations, Google’s stakes in SpaceX and Anthropic are worth around $76 billion and $50 billion, respectively. When the two firms do list – and based on the higher valuation targets discussed in media reports – Google could end up with a combined stake of a massive $241 billion. To put that in perspective, Alphabet made less than that over the second half of last year.
 

Note: SpaceX's current valuation is $1.25T (Feb '26); Anthropic's current valuation is $380B (Feb '26). The firms are targeting IPO valuations of $2 trillion and over $800 billion, respectively, per media reports.
 

It is entirely up to Google when or whether it sells the stakes, although large early investors typically divest a portion of their holdings in mega IPOs. Bloomberg reported earlier this month that SpaceX was targeting a $2 trillion valuation and planned to start roadshows in June. Separately, the news agency reported last week, citing sources, that Anthropic received offers from investors willing to invest at an $800 billion valuation. 

Anthropic recently revealed that its annualized revenue rate has surged past $30 billion, more than tripling from $9 billion last year and surpassing rival OpenAI. 

Both IPOs are expected in the fourth quarter of this year, as per media reports.

GOOGL was the top-performing stock in the Magnificent Seven group last year, thanks to praises for its Gemini 3 model and a crucial AI tie-up with Apple, among other triggers. Shares lost steam early in 2026 amid a broader selloff in tech shares, but have rebounded sharply this month. GOOGL is up 9.2% year to date.

Meanwhile, retail investors are already gaining exposure to these marquee pre-IPO tech names through funds such as ARK Innovation (ARKK), Fundrise Innovation Fund (VCX), Destiny Tech100 (DXYZ), and KraneShares Artificial Intelligence & Technology ETF (AGIX).

Ark Invest recently picked up a $240 million stake in OpenAI through its funds ARKK, ARK Fintech Innovation (ARKF), and ARK Next Generation Internet (ARKW). Stocktwits previously published explainers on investing in Anthropic and SpaceX ahead of their IPOs.

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