Nvidia (NVDA) Stock Is Sitting on a $17 Billion SpaceX Position
TLDR
- Nvidia disclosed a $21 billion stake in SpaceX at the end of Q2, holding 122.8 million Class A shares
- SpaceX stock has dropped from $170.86 to $140 since its June IPO, cutting the stake’s value to around $17.2 billion
- Nvidia’s SpaceX position came via a $10 billion investment in xAI, which SpaceX acquired in February for $1.25 trillion
- Nvidia is SpaceX’s sixth largest investor; Elon Musk leads with a stake worth around $850 billion
- Nvidia also holds nearly $30 billion in Intel, $4.7 billion in CoreWeave, and other positions revealed in the same filing
Nvidia’s SEC filing on Friday put a number to something the market had been waiting on: the chipmaker holds 122.8 million Class A shares of SpaceX, worth roughly $21 billion at the close of Q2.
SpaceX went public in June in a record IPO, priced at $170.86 at quarter end. By Friday’s close, the stock sat at $140, pulling the value of Nvidia’s position down to around $17.2 billion.
That makes SpaceX Nvidia’s second biggest public holding, behind only Intel. Nvidia’s Intel stake is currently worth about $22 billion, down from $30 billion at quarter end, but still a strong return on its $5 billion investment made less than a year ago.
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