Nvidia details $21bn SpaceX stake

Nvidia (NVDA) has disclosed a major equity stake in SpaceX, detailing in a regulatory filing on August 14 that it held about 122.8 million Class A shares of the space company as of June 30. The position was reported as worth roughly $21 billion at the end of the second quarter, underscoring the scale of Nvidia’s exposure to the privately held group.

The filing provides one of the clearest looks to date at the financial links between the leading AI chip supplier and one of the most prominent private space and technology companies. The size of the stake positions Nvidia as a significant outside shareholder in SpaceX.

Nvidia’s SpaceX holding did not come from a direct purchase of SpaceX shares in the open market. Instead, the stake traces back to Nvidia’s $10 billion investment in xAI, an artificial intelligence company founded by Elon Musk.

SpaceX acquired xAI in February, and that transaction converted Nvidia’s xAI investment into equity in SpaceX. As a result, Nvidia emerged from the deal with a substantial block of SpaceX Class A shares that it then reported in its second-quarter filing.

Coverage citing FactSet data indicates that, following this conversion, Nvidia ranks among the largest external investors in SpaceX. The disclosure highlights how an initial AI-focused investment has translated into a sizable position in the space sector.

The same regulatory filing that detailed Nvidia’s SpaceX position also showed a significant investment in Intel (INTC). Reporting on the disclosure characterized Nvidia’s Intel (INTC) holding at about $30 billion in value at the end of the second quarter.

The combination of large stakes in both SpaceX and Intel illustrates how Nvidia’s capital deployment spans across key technology and semiconductor players, in addition to its core business of designing and selling AI chips.

The newly detailed stakes in SpaceX and Intel add a financial dimension to Nvidia’s role at the center of the current AI and computing cycle. Through equity positions in leading technology and space companies, Nvidia’s fortunes are increasingly tied not only to demand for its processors but also to the performance of these strategic partners.

By converting a $10 billion xAI investment into SpaceX equity and building a large Intel position, Nvidia has established material links to companies that are influential in space launch, satellite infrastructure, and computing hardware. The second-quarter disclosure offers investors a clearer view of how Nvidia is aligning its balance sheet with major technology ecosystems.