Warren Buffett inadvertently becomes a SpaceX shareholder

As of June 30, Berkshire Hathaway held a 0.9% stake in Alphabet, valued at approximately $38 billion. Because Alphabet itself owns roughly 4% of SpaceX—a position worth $94 billion—Berkshire’s portfolio effectively includes an $815 million slice of the rocket manufacturer. The value of this indirect holding dipped to roughly $700 million by late September following market volatility, representing a negligible fraction of Berkshire’s $1.3 trillion asset base.

Musk has long sought a direct endorsement from the Oracle of Omaha, frequently goading him on social media to invest in Tesla. Buffett, however, has remained committed to his strategy of backing mature, predictable industries, famously preferring the Chinese automaker BYD over Tesla for nearly two decades. While Musk has alternated between praising Buffett and dismissing his capital-allocation style as boring, the sentiment remains mutual: Buffett has publicly lauded Musk’s ambition to solve the impossible while noting that such high-risk entrepreneurship would be torturous for his own investment philosophy. With Greg Abel now at the helm of Berkshire, a direct investment in SpaceX appears improbable, leaving this indirect exposure as the closest the two titans will likely get to a partnership.