Google's Q1 net income soars 81% driven by gains from SpaceX and Anthropic investments

Google reported a net income of $62.6 billion for Q1 2026, an 81% increase from the previous year. Over half of this profit, approximately $36.9 billion, came from unrealized gains on equity stakes, primarily in SpaceX and Anthropic. These investments highlight Google's successful strategy as both an AI leader and a venture investor, significantly boosting its financial growth. This trend underscores the growing importance of strategic equity positions in emerging tech companies for large corporations like Google.