Alphabet's Wyoming Land Deal, a Bigger SpaceX Stake and a $125 Million Drone Factory
Published on 11/09/2026 at 17:12 | Editorial boerse-global.de
Alphabet closed out the week with a burst of housekeeping on several fronts: a data-center land purchase in Wyoming, an updated look at its investment portfolio, fresh spending plans for its drone unit and a boardroom departure at SpaceX. The common thread is a company still writing large checks while trying to keep a lid on costs.
Land secured, terms undisclosed
Google bought a data-center site in southeastern Wyoming from Crusoe, Reuters reported Friday. The deal follows Alphabet's previously announced $17 billion project investment and comes with no public price tag. Google's first Wyoming data center lists Tallgrass Energy, Black Hills Energy, American Electric Power and Related Digital as partners, and the build-out includes a planned 702-megawatt fuel-cell installation with carbon capture.
Cost control alongside the spending spree
Even as it commits billions to infrastructure, Google is working to contain expenses tied to artificial intelligence. The company confirmed to Reuters on Wednesday that since June it has offered voluntary buyout packages to some employees in Canada, France, Germany, Japan and Switzerland.
The belt-tightening sits alongside strong top-line momentum. Third-quarter 2026 results, published about two weeks ago, showed revenue of $127.6 billion, up 25% year over year. Google Cloud sales climbed 103% to $30.7 billion. Diluted earnings per share came in at $2.12, down from $2.87 a year earlier, a figure that absorbed a $0.55-per-share hit from a loss on equity investments.
Should investors sell immediately? Or is it worth buying Alphabet?
Portfolio shuffle and a SpaceX board exit
In a Friday filing, Alphabet disclosed that its SpaceX holding rose to roughly 555 million shares from 551.2 million. It also reported a Qualcomm position worth nearly $548 million, covering close to three million shares as of September, according to media reports.
Separately, SpaceX said Alphabet executive Donald Harrison stepped down from its board effective immediately. Harrison notified the company on Wednesday, and SpaceX said the resignation did not stem from any disagreement over operations, policies or practices.
Wing looks to Texas, Google to Malaysia
The Wall Street Journal reported Friday that Alphabet's Wing plans to spend up to $125 million over the next two years on a manufacturing plant in Fort Worth, Texas, capable of turning out tens of thousands of aircraft a year. Two days earlier, Google said it would invest $15 billion in Malaysia across digital infrastructure and related initiatives.
Alphabet at a turning point? This analysis reveals what investors need to know now.
Shares gain as AI names recover
Alphabet stock rose 1.5% on Friday, catching a broader rebound in AI-linked equities after an earlier selloff, according to the Associated Press. Sentiment in the sector remains weighed down by worries that election results could slow data-center construction, along with high financing costs and questions about the scale of AI spending.
On the policy side, a Google official responsible for political matters said a proposed Australian internet-safety bill could force the company to bar users under 18 from Gmail. The measure has only been proposed and has not been enacted.
Ad
Alphabet Stock: New Analysis - 9 November
Fresh Alphabet information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
