Elon Musk, chief govt officer of Tesla Inc., left, and Jensen Huang, chief govt officer of Nvidia Corp., in the course of the US-Saudi Funding Discussion board on the Kennedy Heart in Washington, DC, US, on Wednesday, Nov. 19, 2025.
Stefani Reynolds | Bloomberg | Getty Pictures
Nvidia disclosed on Friday that its stake in Elon Musk’s SpaceX was value about $21 billion on the finish of the second quarter.
The chipmaker mentioned in a submitting with the Securities and Alternate Fee that it owns 122.8 million Class A shares in Elon Musk’s rocket maker, which held its public market debut in June.
SpaceX’s inventory closed at $140 on Friday, down from $170.86 on the finish of June, so the worth of Nvidia’s shares have declined to about $17.2 billion.
It is Nvidia’s second greatest holding behind its stake in Intel, which is at the moment value about $22 billion, down from $30 billion when the quarter ended. That represents a large return on Nvidia’s $5 billion funding lower than a 12 months in the past.
Nvidia is the sixth greatest investor in SpaceX, based mostly on information from FactSet. Musk is by far the most important proprietor with a stake value about $850 billion. Alphabet is second at roughly $78 billion.
Nvidia’s shares in SpaceX got here from the corporate’s $10 billion funding in Musk’s xAI as a part of a $20 billion spherical in January, in response to an individual aware of data of the matter who requested to not be named as a result of the precise measurement of the deal wasn’t made public. SpaceX acquired xAI in February in a deal valued at $1.25 trillion.
Musk mentioned on SpaceX’s second-quarter earnings name earlier this month that the corporate will solely use Nvidia chips in its AI information facilities. He mentioned Nvidia’s graphics processing models have the “finest structure” for coaching and inference of AI fashions, and associated services.
Musk additionally mentioned, on the decision that he expects SpaceX will obtain a “important allocation” of Nvidia’s Vera Rubin GPUs subsequent 12 months.
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