The Nifty IT index, which surged to highest levels since May last year, closed at 31,434 on Thursday, up 1.62% over the previous day. The Nifty ended at 18,038, up 20 points or 0.11% after rising 0.66% in the morning trade. The Nifty IT index has gained 3.8% in the past three days.
How a $900 million bet on SpaceX turned 100x into $94 billion for Alphabet
Alphabet’s initial $900 million SpaceX investment is now worth approximately $94 billion. This significant return makes Alphabet the largest institutional shareholder in the rocket company.