@rohanpaul_ai: Nvidia disclosed 122.8M SpaceX shares, i.e. around $21B stake. The position traces back to Nvidia’s investment in xAI, …
Summary
Nvidia disclosed a $21 billion stake in SpaceX, stemming from its investment in xAI, with SpaceX committing to build its data centers exclusively on Nvidia GPUs. Alphabet and AMD also have notable financial exposures to SpaceX.
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Cached at: 08/15/26, 07:51 AM
Nvidia disclosed 122.8M SpaceX shares, i.e. around $21B stake.
The position traces back to Nvidia’s investment in xAI, whose shareholders received SpaceX equity when SpaceX acquired the AI company.
SpaceX is simultaneously becoming a large Nvidia customer, with Musk saying its data centers will be built exclusively on Nvidia and compute capacity could approach 10GW by end-2027.
To note, Alphabet (Google) also is hugely exposed to SpaceX on both sides of the transaction.
Google has agreed to pay SpaceX $920M per month for access to roughly 110,000 Nvidia GPUs, while Alphabet itself owns about $94.1B of SpaceX at June-end, so Google can outsource the infrastructure risk while Alphabet still participates in the economics of the supplier.
AMD is in a strangely asymmetric position. It owns SpaceX equity (3.31M shares, worth about $565.5M at June-end), yet SpaceX has committed its future data-center buildout to Nvidia, so AMD can participate in SpaceX’s valuation upside while Nvidia captures the accelerator revenue.
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