Alphabet's stakes in SpaceX and Anthropic give investors indirect access to two major private tech bets through one public stock

Alphabet holds minority stakes in both SpaceX (the rocket and satellite company) and Anthropic (the AI safety startup behind Claude), making it a rare way for public-market investors to gain exposure to these high-value private companies without buying their shares directly.

Rather than needing separate private investment vehicles or waiting for either company to go public, investors can buy Alphabet stock and automatically own a slice of both ventures—Alphabet disclosed these holdings in recent filings, confirming they represent material but non-controlling positions.

For business professionals and portfolio managers, this matters because SpaceX and Anthropic are among the highest-valued private tech companies globally; betting on Alphabet's stock now includes an implicit bet on whether these two will eventually deliver returns through IPOs, acquisitions, or dividend payouts from their operations.