Alphabet Owns 8.9 Million Shares of This Hot Space Stock. Is It a Buy?
2026-03-07 18:25:00 ET
Many investors may know Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) as the parent company of Google, YouTube, and its artificial intelligence (AI) model, Gemini. But the company also has an investment arm that invests in high-growth companies across AI, healthcare, infrastructure, and even space.
The technology giant has a portfolio of 29 stocks, according to its most recent 13F filing, and the space company AST SpaceMobile (NASDAQ: ASTS) tops the list as its largest public stock investment, with 8.9 million shares worth $903 million as of this writing. Here's what investors need to know about the satellite company and Alphabet's investment in it.
AST SpaceMobile is an early-stage satellite company that has moved past research and development and into commercial operations. The company is developing a global cellular-broadband network in low Earth orbit to provide high-speed connectivity to standard mobile devices.
NASDAQ: ASTS
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