Nvidia discloses $21B stake in SpaceX
Summary
Nvidia revealed it owns nearly 123 million shares in SpaceX, worth about $21 billion at the end of June. This shows how Nvidia is financially connected with SpaceX and other AI companies, supporting their growth through investments and partnerships.Key Facts
- Nvidia owns almost 123 million SpaceX shares, valued at $21 billion as of June.
- SpaceX shares dropped in value since their June initial public offering, making Nvidia’s stake now worth about $17 billion.
- Nvidia invested in xAI, which Elon Musk merged with SpaceX.
- SpaceX has an exclusive partnership with Nvidia to use its AI computing technology in their data centers.
- Nvidia has invested over $100 billion in AI companies in the last two years.
- Nvidia is gathering over $500 billion with other investors to help finance its customers using chip-backed loans.
- SpaceX plans to grow its computing power from 2 gigawatts now to around 10 gigawatts by 2027.
- Other major investors in SpaceX include Google, which owns about 7% of the company valued at $94 billion.
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