Nvidia disclosed a $21 billion stake in SpaceX (nearly 123M shares) via an SEC filing, marking a significant payoff from its January investment in xAI before Musk merged it with SpaceX. SpaceX shares have dropped since its June IPO, reducing the stake's current value to roughly $17 billion. The disclosure highlights Jensen Huang's broader strategy of using Nvidia's financial muscle to build circular ties across the AI industry, including exclusive data center partnerships with SpaceX.
Background
Nvidia has committed over $100 billion to AI companies in the past two years, investing in cloud startups and AI labs as part of Jensen Huang's strategy to deepen ties with key industry players.
- Source
- Ars Technica
- Published
- Aug 17, 2026 at 10:22 PM
- Score
- 8.0 / 10