Nvidia’s SpaceX investment falls from $21 billion to $17 billion after IPO
Nvidia’s newest disclosure gives Wall Street a fresh window into just how tangled the AI industry’s biggest deals have become. The chipmaker revealed this week that its SpaceX investment was worth nearly $21 billion at the end of June, a stake built through its backing of Elon Musk’s rocket company before its blockbuster stock market debut. The filing, made with the Securities and Exchange Commission, shows Nvidia holding nearly 123 million Class A shares in SpaceX — a position that has already swung wildly in value since the company went public.
Key takeaways
- Nvidia disclosed owning nearly 123 million SpaceX shares, worth almost $21 billion at the end of June.
- SpaceX shares have fallen sharply since the June IPO, cutting the value of Nvidia’s stake to roughly $17 billion.
- The stake traces back to Nvidia’s investment in xAI, completed in January, shortly before Musk merged the AI lab into SpaceX.
- SpaceX now has an exclusive deal to build its data centers with Nvidia’s Vera Rubin chip architecture.
- Nvidia is separately assembling a $500 billion investor consortium, involving firms like Blackstone and Goldman Sachs, to help finance its customers.
Nvidia’s Multibillion-Dollar Stake in SpaceX Takes Shape
Nvidia’s position in SpaceX ranks among the most striking examples yet of how deeply the chipmaker has woven itself into the finances of its own customers. According to the SEC filing, Nvidia held SpaceX stock valued at nearly $21 billion as of the end of June — a figure that made the rocket maker one of Nvidia’s largest single holdings.
… Continue reading the full article at the original source below.
