Nvidia Discloses $21B Stake in SpaceX

Saudi Arabia takes major stake in SpaceX

Saudi Arabia’s Public Investment Fund has revealed that it is holding 154.1 million shares in Elon Musk’s SpaceX rocket-to-broadband business. The stake is worth some $26.3 billion (€22.7bn) as at the end of June (and depending on the day’s share price valuation). The commitment represents an important vote of confidence in SpaceX and its prospects […]

SpaceX Is Spending Big on AI. The Biggest Winner From That Could Be Nvidia

The space company is going to exclusively rely on Nvidia's artificial intelligence chips for its tech infrastructure.

Nvidia discloses $21B stake in SpaceX

Filing comes after Elon Musk announced exclusive arrangement to kit out its data centers.

Nvidia discloses news of SpaceX investments

Nvidia recently disclosed that they hold nearly 123 million shares in SpaceX valued at around $21 billion at the end of the second quarter, pointing to increasingly deeper ties between these companies. In a Security and Exchange Commission (SEC) filing, Nvidia revealed its stake, worth approximately $17 billion. SpaceX’s share value has fallen sharply since its June IPO. Nvidia invested $10 billion in xAI as part of a $20 billion funding round a…

Nvidia discloses $21B stake in SpaceX \ stacker news

Nvidia has disclosed that it owns nearly 123 million shares in SpaceX, further highlighting the chipmaker’s entangled financial relationships with some of its biggest customers. The $5.5 trillion company owned SpaceX stock worth nearly $21 billion at the end of June, according to an SEC filing on Friday. Elon Musk’s rocket conglomerate’s shares have fallen sharply since its June initial public offering, meaning Nvidia’s stake would now be worth …

Nvidia reveals $21B holding in SpaceX

Nvidia disclosed it held just shy of 123 million shares in SpaceX valued at around $21 billion at the end of the second quarter, pointing to increasingly deeper ties between the two companies. In a Security and Exchange Commission (SEC) filing, Nvidia revealed its stake, worth approximately $17 billion today. SpaceX’s share value has fallen sharply since its June IPO. Nvidia invested $10 billion in xAI as part of a $20 billion funding round at t…