Elon Musk finally has Warren Buffett as a shareholder — sort of
Warren Buffett’s Berkshire Hathaway has gained an indirect stake in Elon Musk’s SpaceX through its investment in Alphabet. While the financial exposure is relatively small for Berkshire, it marks a notable connection between the two business titans.
Why it matters
The investment highlights the complex web of ownership in the modern tech sector and the growing influence of private space companies on public market portfolios.
Elon Musk has long wanted to call Warren Buffett a shareholder. Mike Blake/Reuters; Kevin Lamarque/Reuters Elon Musk has long wished to have Warren Buffett as a shareholder. Buffett's Berkshire Hathaway now holds an indirect stake in Musk's SpaceX via Alphabet. Berkshire owned nearly 1% of Alphabet, which in turn owned about 4% of SpaceX, recent filings show. Elon Musk has wanted Warren Buffett as a shareholder for years. His wish has finally come true, in a sense. As of June 30, Buffett 's Berkshire Hathaway indirectly owned about 0.04% of SpaceX, a stake worth over $800 million, according to Business Insider's calculations. This " look-through stake " — a term coined by Buffett — is based on Berkshire owning part of Alphabet, which in turn owns part of SpaceX. Berkshire reported a roughly 0.9% stake in Alphabet, worth about $38 billion, in its second-quarter portfolio update on Friday.
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