Elon Musk, chief government officer of Tesla Inc., left, and Jensen Huang, chief government officer of Nvidia Corp., through the US-Saudi Funding Discussion board on the Kennedy Heart in Washington, DC, US, on Wednesday, Nov. 19, 2025.
Stefani Reynolds | Bloomberg | Getty Photographs
Nvidia disclosed on Friday that its stake in Elon Musk’s SpaceX was price about $21 billion on the finish of the second quarter.
The chipmaker stated in a submitting with the Securities and Change Fee that it owns 122.8 million Class A shares in Elon Musk’s rocket maker, which held its public market debut in June.
SpaceX’s inventory closed at $140 on Friday, down from $170.86 on the finish of June, so the worth of Nvidia’s shares have declined to about $17.2 billion.
It is Nvidia’s second largest holding behind its stake in Intel, which is at the moment price about $22 billion, down from $30 billion when the quarter ended. That represents a large return on Nvidia’s $5 billion funding lower than a yr in the past.
Nvidia is the sixth largest investor in SpaceX, based mostly on knowledge from FactSet. Musk is by far the most important proprietor with a stake price about $850 billion. Alphabet is second at roughly $78 billion.
Nvidia’s shares in SpaceX got here from the corporate’s $10 billion funding in Musk’s xAI as a part of a $20 billion spherical in January, in keeping with an individual accustomed to information of the matter who requested to not be named as a result of the precise dimension of the deal wasn’t made public. SpaceX acquired xAI in February in a deal valued at $1.25 trillion.
Musk stated on SpaceX’s second-quarter earnings name earlier this month that the corporate will completely use Nvidia chips in its AI knowledge facilities. He stated Nvidia’s graphics processing models have the “greatest structure” for coaching and inference of AI fashions, and associated services.
Musk additionally stated, on the decision that he expects SpaceX will obtain a “important allocation” of Nvidia’s Vera Rubin GPUs subsequent yr.
