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TEXXR

Chronicles

The story behind the story

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Source: Alphabet's Q1 profit was boosted by $8B in unrealized gains from an investment in SpaceX; Alphabet has been a major SpaceX investor since at least 2015

Davey Alba / Bloomberg :

Bloomberg Davey Alba

Discussion

  • @daveyalba Davey Alba on x
    New: a fun lil earnings scoop 🚨 There was an $8B increase in profit in Alphabet's latest report that was just nagging and nagging at me. The accounting didn't make sense. Finally got to the bottom of it: the boost came from unrealized gains from a 2015 investment in SpaceX. [imag…