Nvidia Discloses $21 Billion SpaceX Stake From xAI Investment Merger
Nvidia disclosed a $21 billion stake in SpaceX after the rocket company acquired Elon Musk's AI startup xAI in February 2026. Nvidia's original $10 billion investment in xAI converted into approximately 122.8 million SpaceX shares when the deal closed. The stake became public following SpaceX's record IPO in June, where it went public at $135 per share. Nvidia now owns six percent of SpaceX, making it the company's sixth-largest shareholder behind Musk and Alphabet. SpaceX has committed to using Nvidia's Vera Rubin chips exclusively for its AI data centers. This arrangement highlights a broader trend where chipmakers increasingly finance their customers' operations. Together, Nvidia's SpaceX and Intel stakes represent nearly 80 percent of the company's publicly disclosed stock portfolio, creating significant portfolio concentration around its major customers.
Key facts
- Nvidia holds 122.8 million SpaceX Class A shares valued at $21 billion as of June 30, 2026
- The stake originated from Nvidia's $10 billion investment in xAI in January 2026
- SpaceX acquired xAI in February 2026 for $1.25 trillion in an all-stock deal
- SpaceX's IPO valued the company at $1.77 trillion in June 2026
- SpaceX committed to using Nvidia's Vera Rubin GPUs exclusively for AI data centers
- Nvidia's SpaceX and Intel positions account for roughly 80 percent of disclosed stock portfolio
- Nvidia's SpaceX position is its second-largest disclosed equity holding after Intel at $30 billion
- Alphabet holds a larger SpaceX stake at approximately $70-78 billion
Limits of this briefing
No distinctly left-leaning or right-leaning partisan coverage of this story was identified; coverage comes primarily from business and technology media that emphasize financial analysis and structural risks. The regulatory and antitrust implications remain unresolved and not yet addressed by lawmakers or enforcement agencies.
Sources
- CNBC: Nvidia discloses $21 billion stake in SpaceX at end of second quarter Centre
- Bloomberg: Nvidia Has $21 Billion SpaceX Stake, $30 Billion in Intel Shares Centre
- 24/7 Wall St.: Nvidia's Secret $21 Billion SpaceX Windfall - How One Chip Deal Turned Into a Rocket Fortune Centre
- TechTimes: Nvidia Discloses $50B Equity Stake in SpaceX and Intel: Both Exclusive Chip Buyers Centre
- CNBC (Circular Financing Analysis): Nvidia is trying to quiet 'circular financing' accusations. Wall Street is unsure it will Centre