I’m hosting an exclusive event called the IPO Insider Project.
Inside the event you’ll discover exactly how to claim a stake in upcoming IPOs – BEFORE they start trading. This includes claiming Pre-IPO shares of Anthropic, OpenAI and dozens of other Silicon Valley technology companies.
Alphabet just made $100 billion in a single quarter — without selling anything.
Google’s parent company reported second quarter results on Wednesday. Revenue hit $119.8 billion, up 24%. Net income nearly quadrupled to $112.1 billion.
But the real story is buried in the filing.
Nearly $100 billion of that profit came from gains on Google's investment portfolio. And two names account for most of it: SpaceX and Anthropic.
Start with SpaceX (Nasdaq: SPCX).
Google invested roughly $1 billion in SpaceX back in 2015. At the time, the rocket company was valued around $12 billion.
SpaceX went public last month at a $1.77 trillion valuation.
Google's stake — about 4.9% of the company — is now worth $94.1 billion.
That's nearly a 100X return on a single private investment.
Google can't sell most of its stock. About $80 billion is under short-term lockup restrictions, with another $14 billion locked up through the third quarter of 2027. But the paper gain is real, and it's now sitting on Google's balance sheet as a marketable security.
Then there's Anthropic (private). Go here to invest – before the IPO.
Google started with a $300 million investment in the maker of Claude back in 2023. Total invested capital has since grown to roughly $13.3 billion, giving Google about a 14% stake.
Anthropic's valuation hit $965 billion in its May funding round. Google's private-company holdings — driven mainly by Anthropic — are now valued at $124.3 billion.
Anthropic is expected to go public later this year. If that IPO prices anywhere near recent valuations, Google could realize another massive investment gain.
The world's fourth-largest company just proved the pre-IPO playbook on the biggest possible stage. Buy stakes in exceptional private companies years before they go public. Wait. Let the IPO unlock the gains.
Google's core business had a solid quarter — Cloud revenue jumped 82%, and its backlog hit $514 billion. But the ads and Cloud profits were dwarfed by two pre-IPO bets made years ago.
For decades, those gains were reserved for insiders and institutions. Now it’s possible for regular investors to profit from these situations.
Anthropic and OpenAI have already privately filed to go public with the Securities & Exchange Commission. This likely means that they’ll start trading on the Nasdaq within 90 days.
You have a limited window of time to secure your stake – ahead of these trillion-dollar IPOs.
Ian Wyatt
Editor, IPO Watch