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Alphabet’s massive profit growth is just an illusion, as SpaceX and Anthropic help mask a historic cash drain

Alphabet’s massive profit growth is just an illusion, as SpaceX and Anthropic help mask a historic cash drain
MarketWatch Thursday 23 July 2026, 14:28 UTC By Hannah Pedone 1 min read
Key Points

Earnings quadrupled on paper, but an analyst calls that an “illusory” performance propped up by unrealized gains from equity investments.

Earnings quadrupled on paper, but an analyst calls that an “illusory” performance propped up by unrealized gains from equity investments.
Alphabet (ORG) SpaceX (ORG)
Originally published by MarketWatch Read original →

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