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Times of India·4 min read·medium

Elon Musk long had a wish on Warren Buffett: He has wanted him as a shareholder

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TOI TECH DESK
Elon Musk long had a wish on Warren Buffett: He has wanted him as a shareholder
AI Summary

Berkshire Hathaway has acquired an indirect stake in SpaceX through its investment in Alphabet. This 'look-through' ownership highlights the complex financial interdependencies between major tech conglomerates.

Why it matters

It reveals how institutional investors are gaining exposure to private space exploration companies through their holdings in diversified tech giants.

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SpaceX CEO Elon Musk has long wanted Warren Buffet as a shareholder. That wish has finally materialised indirectly. According to a report by Business Insider, as of June 30, Berkshire Hathaway owned about 0.04% of SpaceX, a stake worth over $800 million. The position stems from Berkshire’s 0.9% stake in Alphabet, which itself held about 4% of SpaceX, valued at $94 billion at the end of June. Berkshire’s proportional claim on Alphabet’s assets translates into its indirect SpaceX holding. While Alphabet’s stake in SpaceX is now worth about $79 billion, Berkshire’s share of that has slipped closer to $700 million following recent declines in Alphabet and SpaceX stock prices.An indirect stake through AlphabetAs of June 30, Buffett's Berkshire Hathaway indirectly owned about 0.04% of SpaceX, a stake worth more than $800 million based on Business Insider's calculations.

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