GOOGL’s disclosed holdings are framed as a map of how Alphabet locks in strategic relationships across space, mobile, cloud, health AI, enterprise automation, and clean power: SpaceX is the giant, but Planet Labs, AST SpaceMobile, ARM, Figma, Tempus AI, UiPath, and Fervo each tie into products Google already sells or needs. The throughline is that these stakes are tiny versus Alphabet’s size but can secure supply, distribution, data, and infrastructure where future AI workloads and power constraints matter most. The video ends by pivoting to a sponsored ZENA pitch built around U.S.-made drones, domestic procurement, and the August 13 tariff shock on Chinese drone imports. A separate Xena Tech section warns the microcap is acquisition-heavy, capital-hungry, and exposed to dilution and integration risk despite its defense and AI angle.
Alphabet’s latest holdings disclose four investment buckets: Google LLC for strategic stakes tied to Google, GV for early VC and biotech, Capital G for later-stage growth, and direct parent-level holdings.
GOOGL’s largest position is SpaceX: Google LLC holds roughly 551.2 million shares worth $94.2 billion, after a roughly $900 million investment in 2015 that is now worth over $90 billion.
SpaceX’s relationship with Google was extended in 2021 when Google Cloud and SpaceX partnered to put Starlink ground infrastructure at Google data centers and connect Starlink customers directly into Google’s cloud network.
GOOGL’s second-largest disclosed position is Planet Labs: Google LLC owns roughly 35 million shares worth about $1.17 billion.
Planet Labs’ appeal to Google rests on Earth-observation data for agriculture, weather damage, infrastructure, military activity, and environmental changes, plus a 2017 deal where Planet bought Terra Bella from Google and Google became a shareholder and data customer.
Planet and Google announced work in 2026 exploring AI computing in space, which links Planet’s value to cheaper launch capacity and to SpaceX.
Google LLC owns roughly 8.94 million AST SpaceMobile shares worth about $795 million; AST is building direct-to-smartphone satellite broadband, and the companies have discussed integrating satellite connectivity with Android and related devices.
Google LLC owns about 1.96 million ARM shares worth roughly $695 million; ARM matters to Google because Android was built around ARM-powered phones and ARM architecture is becoming more important in servers, data centers, and power-constrained computing.
Figma sits in GV with about 216,000 shares worth around $3.9 million, and Google Cloud now names Figma as a significant AI customer win while Gemini powers AI features inside the platform.
Tempus AI is another Google strategic holding: Google LLC owns roughly 1.55 million shares worth about $90 million, after a 2020 investment, plus a multi-year Google Cloud agreement and financing ties around its cloud relationship.
UiPath sits in Capital G with about 7 million shares worth roughly $76.5 million; in April 2026 UiPath made Gemini the default third-party model for new projects in its intelligent extraction and processing platform.
Fervo Energy is a small but strategic clean-power stake: Google LLC owns about 1.76 million shares worth roughly $51 million, after a 2021 partnership that included a first-of-its-kind corporate agreement for enhanced geothermal power.
Fervo drilled horizontal wells in Nevada, produced electricity for the grid serving Google’s Nevada data centers, and later expanded the arrangement to 115 new enhanced geothermal capacity through NV Energy.
Fervo raised $462 million in its December 2025 Series E with Google among the investors, then in March 2026 signed a geothermal framework agreement with Google Energy covering up to 3 GW through 2033, with at least 1 GW proposed in the first 2 years.
The sponsored segment pitches ZENA as a U.S.-built drone maker newly aided by the August 13 tariff proclamation that put up to 100% tariffs on imported drones and drone parts from China.
Xena Tech is described as a small-cap, limited-revenue company built around acquisitions, drone commercialization, AI, defense, and a Washington presence, but with major integration, financing, and dilution risk.