1 Surprising Stock That's Already Cashing in on the SpaceX IPO Hype

Alphabet emerges as a surprising beneficiary of SpaceX's IPO through multiple connections: a 5-6% ownership stake acquired in 2015, a $920 million monthly compute capacity rental deal starting October 2026, and potential collaboration on Google's Project Suncatcher orbital data center initiative. While Alphabet faces concerns about accelerating AI infrastructure spending ($175-185 billion capex expected), its cloud division showed strong 63% revenue growth in Q1 2026, demonstrating the returns on these investments.