{"slug": "nvidia-discloses-21-billion-spacex-stake-as-musk-commits-ai-infrastructure-to", "title": "Nvidia discloses $21 billion SpaceX stake as Musk commits AI infrastructure to its chips", "summary": "Nvidia Corp. disclosed in a June 30 Form 13F filing that it owns 122,764,805 Class A shares of Space Exploration Technologies Corp. (SpaceX) valued at $20.98 billion, one of its largest equity positions. The filing does not detail the purchase price or acquisition terms. Separately, SpaceX and xAI CEO Elon Musk said on an Aug. 4 earnings call that both companies will build exclusively on Nvidia systems, including Vera Rubin hardware for ground and orbital use.", "body_md": "# Nvidia discloses $21 billion SpaceX stake as Musk commits AI infrastructure to its chips\n\n- Nvidia reported owning 122,764,805 SpaceX Class A shares valued at $20.98 billion on June 30.\n[[1]](https://www.sec.gov/Archives/edgar/data/1045810/000104581026000065/xslForm13F_X02/information_table.xml) - The Form 13F does not disclose Nvidia’s purchase price, acquisition date, ownership percentage or whether the shares came from a direct investment, a converted position or another transaction.\n[[1]](https://www.sec.gov/Archives/edgar/data/1045810/000104581026000065/xslForm13F_X02/information_table.xml) - Elon Musk said SpaceX and xAI would build exclusively on Nvidia systems, including Vera Rubin hardware planned for use on the ground and in orbit.\n[[2]](https://www.tomshardware.com/tech-industry/artificial-intelligence/elon-musk-says-spacex-will-exclusively-use-nvidia-gpus-because-they-are-the-best-says-optimized-vera-rubin-nvl72-will-be-launched-into-space-next-year) - SpaceX shares closed at $125.33 on Aug. 4, below the company’s $135 initial public offering price, after its first earnings report as a public company.\n[[3]](https://www.axios.com/2026/08/04/spacex-earnings-elon-musk)\n\nNvidia reported owning 122,764,805 shares of Space Exploration Technologies Corp. worth $20.98 billion at the end of the second quarter, revealing one of the chipmaker’s largest disclosed equity positions. [[1]](https://www.sec.gov/Archives/edgar/data/1045810/000104581026000065/xslForm13F_X02/information_table.xml)\n\nThe position appeared in Nvidia’s Form 13F filed with the Securities and Exchange Commission for the quarter ended June 30. The filing identifies the securities as SpaceX Class A common stock and reports their value at $20,975,594,582. It does not state when Nvidia acquired the shares, what it paid for them or whether the position resulted from a new purchase, a conversion or another transaction. [[1]](https://www.sec.gov/Archives/edgar/data/1045810/000104581026000065/xslForm13F_X02/information_table.xml)\n\n## The filing shows a position, not the deal terms\n\nA Form 13F is a quarterly holdings report. It provides the number of shares and their market value at the reporting date, rather than a complete transaction history or an explanation of the investment’s accounting treatment. Nvidia’s filing lists the SpaceX shares under sole investment discretion and reports no shared voting authority. [[1]](https://www.sec.gov/Archives/edgar/data/1045810/000104581026000065/xslForm13F_X02/information_table.xml)\n\nThat leaves several details unresolved, including the stake’s ownership percentage, original cost basis and the legal documents governing the investment. The filing also does not say whether Nvidia received shares in connection with a supply agreement, invested directly in SpaceX or converted an earlier investment in an affiliated company. Those possibilities should not be treated as established without a transaction document or company disclosure.\n\nNvidia’s filing also lists large positions in Intel, Coherent, Nokia, CoreWeave and Synopsys. The SpaceX position was smaller by reported value than Nvidia’s $29.99 billion Intel holding but substantially larger than its disclosed positions in CoreWeave, Coherent, Nokia and Synopsys. [[1]](https://www.sec.gov/Archives/edgar/data/1045810/000104581026000065/xslForm13F_X02/information_table.xml)\n\nThe reported SpaceX value is tied to June 30. It should not be read as Nvidia’s purchase price, a realized gain or necessarily the position’s value on Aug. 17. SpaceX shares were trading below their IPO price after the company’s first earnings report, so the market value may have changed since the reporting date. [[3]](https://www.axios.com/2026/08/04/spacex-earnings-elon-musk)\n\n## Musk has tied SpaceX’s AI buildout to Nvidia\n\nThe investment disclosure follows a public commitment from Musk. During SpaceX’s Aug. 4 earnings call, he said the company had decided to build exclusively on Nvidia because it viewed the Vera Rubin architecture as the best available AI system. Musk said the decision applied to SpaceX and xAI and described the relationship with Nvidia as a close cooperation and partnership. [[2]](https://www.tomshardware.com/tech-industry/artificial-intelligence/elon-musk-says-spacex-will-exclusively-use-nvidia-gpus-because-they-are-the-best-says-optimized-vera-rubin-nvl72-will-be-launched-into-space-next-year)\n\nMusk also said SpaceX plans to use an optimized Vera Rubin NVL72 system for an orbital AI project called Starmind, with launches expected to begin in 2027. He said the systems would be deployed both in terrestrial data centers and in orbit. [[2]](https://www.tomshardware.com/tech-industry/artificial-intelligence/elon-musk-says-spacex-will-exclusively-use-nvidia-gpus-because-they-are-the-best-says-optimized-vera-rubin-nvl72-will-be-launched-into-space-next-year)\n\nThe exclusivity statement gives the equity position an apparent strategic connection to Nvidia’s core business, but neither the Form 13F nor the cited earnings-call remarks establish that the investment was consideration for the chip commitment. No commercial agreement tying the shares to GPU purchases was disclosed in the materials reviewed for this report.\n\nSpaceX’s regulatory filings describe a broader AI infrastructure strategy. Its prospectus says the company has been building large data centers and using Nvidia accelerators for training and other AI workloads. A separate filing describes a cloud services agreement under which Google agreed to pay SpaceX $920 million per month from October 2026 through June 2029 for access to approximately 110,000 Nvidia GPUs, subject to delivery and termination conditions. [[4]](https://www.sec.gov/Archives/edgar/data/1181412/000162828026041150/spacexagreementfwp.htm)\n\n## SpaceX is asking public investors to fund several businesses\n\nSpaceX reported $7.81 billion in second-quarter revenue, up 92% from a year earlier, according to Axios. Its connectivity business, which includes Starlink, generated $4.29 billion; AI revenue, including xAI and Grok subscriptions, generated $2.56 billion; and space revenue contributed $962 million. The company reported a $541 million net loss for the quarter. [[3]](https://www.axios.com/2026/08/04/spacex-earnings-elon-musk)\n\nThose figures reflect a company that combines launch services, satellite connectivity and AI operations. That structure gives Nvidia exposure to a customer and potential data-center operator through the same disclosed holding, but the filing does not quantify any commercial benefit Nvidia may receive from SpaceX’s hardware purchases.\n\nAxios reported that SpaceX shares fell more than 8% in after-hours trading following the earnings release after closing the regular session at $125.33. The outlet said investors were focused on how quickly the company would use its cash and marketable securities while pursuing its AI and Starship programs. [[3]](https://www.axios.com/2026/08/04/spacex-earnings-elon-musk)\n\nNvidia’s filing provides no forecast for returns from the SpaceX position and no indication of a planned sale or additional investment. A subsequent filing or company statement would need to clarify the transaction’s origin, Nvidia’s accounting treatment and whether the stake changed in the third quarter.\n\n## Companies mentioned\n\n## Further sources\n\n[[1] Nvidia Form 13F information table filed with the SEC, listing 122,764,805 Space… ↗](https://www.sec.gov/Archives/edgar/data/1045810/000104581026000065/xslForm13F_X02/information_table.xml)\n\n[[2] Tom’s Hardware report on Elon Musk’s Aug. 4, 2026 earnings-call comments that S… ↗](https://www.tomshardware.com/tech-industry/artificial-intelligence/elon-musk-says-spacex-will-exclusively-use-nvidia-gpus-because-they-are-the-best-says-optimized-vera-rubin-nvl72-will-be-launched-into-space-next-year)\n\n[[3] Axios report on SpaceX’s second-quarter 2026 results, including $7.81 billion i… ↗](https://www.axios.com/2026/08/04/spacex-earnings-elon-musk)\n\n[[4] SpaceX free-writing prospectus filed with the SEC describing a Google cloud ser… ↗](https://www.sec.gov/Archives/edgar/data/1181412/000162828026041150/spacexagreementfwp.htm)\n\nThe stories that matter, in one email. Free — unsubscribe anytime.", "url": "https://wpnews.pro/news/nvidia-discloses-21-billion-spacex-stake-as-musk-commits-ai-infrastructure-to", "canonical_source": "https://mlq.ai/news/nvidia-discloses-21-billion-spacex-stake-as-musk-commits-ai-infrastructure-to-its-chips/", "published_at": "2026-08-17 20:43:16.135432+00:00", "updated_at": "2026-08-17 20:43:18.493379+00:00", "lang": "en", "topics": ["ai-infrastructure", "ai-chips", "artificial-intelligence"], "entities": ["Nvidia Corp.", "Space Exploration Technologies Corp.", "SpaceX", "xAI", "Elon Musk", "Vera Rubin", "Intel", "CoreWeave"], "alternates": {"html": "https://wpnews.pro/news/nvidia-discloses-21-billion-spacex-stake-as-musk-commits-ai-infrastructure-to", "markdown": "https://wpnews.pro/news/nvidia-discloses-21-billion-spacex-stake-as-musk-commits-ai-infrastructure-to.md", "text": "https://wpnews.pro/news/nvidia-discloses-21-billion-spacex-stake-as-musk-commits-ai-infrastructure-to.txt", "jsonld": "https://wpnews.pro/news/nvidia-discloses-21-billion-spacex-stake-as-musk-commits-ai-infrastructure-to.jsonld"}}