Alphabet Inc. Class C (GOOGL.US) "lie down and win" again: SpaceX's valuation rises to $80 billion, and investment returns soar again.

With SpaceX completing an internal tender offer, the implied valuation of this private company has reached approximately $80 billion. As a long-term investor in the company, Alphabet Inc. Class C (GOOGL.US) is expected to recognize another significant unrealized gain as a result. Reportedly, the pricing of the internal stock sale by SpaceX is set at $421 per share, a significant increase from previous secondary market trading prices. This valuation adjustment is expected to boost the long-term investment value of Alphabet Inc. Class C in Elon Musk's rocket and satellite company. According to previous reports, Alphabet Inc. Class C has been an investor in SpaceX since at least 2015. At that time, the company, along with Fidelity Investments, participated in a $1 billion financing round, collectively holding about 10% of SpaceX shares. An Alphabet Inc. Class C spokesperson declined to comment on the matter, citing the company's policy of not disclosing or commenting on specific private investments. It is understood that earlier this year, similar valuation adjustments had led to income growth for Alphabet Inc. Class C. After SpaceX was valued at approximately $350 billion through a tender offer at the end of last year, Alphabet Inc. Class C disclosed in April an $8 billion unrealized gain related to private company investments - widely believed to be SpaceX. This income helped Alphabet Inc. Class C exceed Wall Street expectations in the first quarter net profit. Although specific details of private holdings are not disclosed in Alphabet Inc. Class C's financial reports, previous SpaceX valuation adjustments have been included in the company's profit through the "unrealized gains on non-marketable securities" item. With the significant increase in implied valuation from the latest SpaceX tender offer, investors will closely watch Alphabet Inc. Class C's next financial report to see if this valuation adjustment will once again lead to performance growth on an accounting level for the company.