Nvidia discloses $21B stake in SpaceX
Nvidia has disclosed a $21 billion stake in SpaceX, highlighting the deep financial ties between the chipmaker and its major AI customers. This investment follows a broader strategy by Nvidia to forge circular financial relationships across the AI industry.
Why it matters
It illustrates the massive consolidation of power and capital within the AI sector, where chip suppliers are becoming major stakeholders in their own client companies.
and billions Nvidia discloses $21B stake in SpaceX Filing comes after Elon Musk announced exclusive arrangement to kit out its data centers.
39 Elon Musk and Jensen Huang. The disclosure marks a huge pay-off on Nvidia’s investment in xAI, completed in January, shortly before Musk combined the AI lab with SpaceX Credit: Bloomberg Text settings Story text Size Small Standard Large Width * Standard Wide Links Standard Orange * Subscribers only Learn more Minimize to nav Nvidia has disclosed that it owns nearly 123 million shares in SpaceX, further highlighting the chipmaker’s entangled financial relationships with some of its biggest customers.
The $5.5 trillion company owned SpaceX stock worth nearly $21 billion at the end of June, according to an SEC filing on Friday. Elon Musk’s rocket conglomerate’s shares have fallen sharply since its June initial public offering, meaning Nvidia’s stake would now be worth $17 billion.
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