BUSINESSJul 23 · 16:56 UTCFORTUNEBarbara Ortutay, The Associated Press

Alphabet’s SpaceX stake fuels a $98 billion gain, beating estimates

Alphabet Inc. reported a $98 billion net gain in Q2, driven by gains on its SpaceX stake following SpaceX's June public listing. The company's revenue rose 24% to $119.8 billion, exceeding analyst estimates, with AI investments and advertising revenue contributing to the strong performance.

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Alphabet Inc.organizationSpaceXorganizationSundar PichaipersonEmarketerorganizationNate ElliottpersonGeminitopicAI OverviewstopicAI Modetopiccloud businesstopicWorld Cuptopic

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