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Alphabet's investment value compared to SpaceX's high valuation

The Motley Fool +1 · ·by G4L

GOOG Alphabet Inc
$284.92 -0.38%
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SPCX +0.72%
  1. 1SpaceX has recorded a 40% drop from its peak valuation since its June listing.
  2. 2Alphabet achieved a quarterly record with $63.3 billion in Google Search revenue in the third quarter.
  3. 3Google Cloud revenue reached $30.7 billion, a 103% increase year-over-year, exceeding Wall Street expectations.

So what's the key point?

SpaceX stock has fallen 40% from its peak. Meanwhile, Alphabet performed better than experts expected as Google Search and Cloud revenues grew significantly.

Source The Motley Fool +1 · View original ↗

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