Economy
Nvidia Discloses $21 Billion Stake in SpaceX
24/7 Wall St.2h
THE BRIEF
1
Nvidia disclosed a $21 billion stake in SpaceX at the end of the second quarter, following the conversion of its $10 billion investment in xAI after SpaceX acquired the startup.
2
The position, which includes approximately 122.8 million shares, currently ranks as Nvidia's second-largest equity holding behind its stake in Intel.
3
SpaceX has committed to building its AI data centers exclusively on Nvidia chips, with significant allocations of Vera Rubin GPUs expected to be deployed next year.