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Google holds significant stakes in Anthropic and SpaceX following xAI investment
Monday, February 2, 2026 at 09:56 PM
Google maintains a 10-15% equity stake in Anthropic and a 7% stake in SpaceX, which recently invested in xAI, providing Google with indirect exposure to multiple frontier AI laboratories.
Context
Google has significantly expanded its influence over the artificial intelligence landscape through strategic minority holdings in rival firms. Beyond its internal Gemini development, the tech giant maintains a 10% to 15% stake in Anthropic. Most recently, Google’s roughly 7% ownership in SpaceX has provided indirect exposure to xAI, following reports in February 2026 that the two companies are moving toward a merger valued at $1.25 trillion. This development effectively positions Alphabet with financial stakes in three of the four recognized frontier AI labs globally.
This multi-pronged investment strategy serves as a critical hedge for investors, diversifying Google’s risk in the high-stakes foundation model race. By holding stakes in external competitors while scaling its own proprietary tech, Google is poised to benefit from the growth of Anthropic and the rapid expansion of xAI. This unique positioning ensures Alphabet remains a primary beneficiary of the AI supply chain, regardless of which lab leads the next major breakthrough.
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