Via dwglogo.com
An SEC filing reveals the chipmaker holds nearly 123 million SpaceX shares, making it one of the largest known corporate cross-investments in tech history.
Nvidia quietly dropped a bombshell in its latest SEC filing: the company owns roughly 122.8 million shares of SpaceX Class A stock, valued at approximately $21 billion as of June 30, 2026.
The disclosure landed just weeks after SpaceX completed its long-anticipated IPO on the Nasdaq, where it sold 555.6 million Class A shares at $135 apiece and raised roughly $75 billion. That offering valued SpaceX at approximately $1.77 trillion, making it one of the largest public debuts in history.
The AI pipeline connecting Jensen to Elon #
SpaceX has been aggressively building out AI infrastructure, operating massive GPU clusters that run almost entirely on Nvidia hardware. The relationship became even more pronounced after SpaceX’s acquisition of xAI, which brought additional compute capacity under the SpaceX umbrella.
During an earnings call shortly after the IPO, SpaceX CEO Elon Musk stated that the company would build its AI services exclusively on Nvidia systems going forward.
SpaceX has reportedly signed compute-leasing contracts with major AI labs that rely on its Nvidia-powered GPU clusters. One such deal with Anthropic is valued at $1.25 billion per month. Another reported arrangement with Google involves 110,000 GPUs at a rate of $920 million monthly.
Not just SpaceX: Nvidia’s expanding portfolio play #
The SpaceX position wasn’t the only eye-catching line item in Nvidia’s filing. The company also disclosed a stake in Intel valued at approximately $30 billion. Combined, the SpaceX and Intel positions represent over $50 billion in equity investments.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our