Alphabet's $30 Billion SpaceX Bill Isn't What It Looks Like

Alphabet Inc. remains a strong buy, despite near-term cost headwinds and regulatory uncertainties. The $920 million monthly SpaceX data center bill begins in October, but flexible contract terms and strong Cloud demand mitigate long-term risk. Texas's permit freeze threatens GOOGL's $40 billion data center build-out, potentially delaying Cloud margin recovery if its own capacity lags. UCP checkout faces its first major holiday test; strong adoption could drive higher ad prices and Search revenue upside. Alphabet Inc. ( GOOG / GOOGL ) aka Google has mostly been on a winning streak since I last wrote about it in August. For example, on September 2, a federal judge declined to break up its ad tech business.