Alphabet lost about 12% on Thursday, trading near $285 against Wednesday's $324.89 close, and roughly $490 billion of market value went with it in one session. The headline was diluted EPS of $2.12 against a $3.02 consensus. Most of that gap is SpaceX. Alphabet holds about 551 million SpaceX shares, SpaceX fell from $170.86 to $150.86 over the quarter, and the net loss on … [Read more...] about Alphabet Q3 2026 Earnings and the 12% Search Growth That Matters More Than the SpaceX Miss