Stocks
Nvidia Drops $21 Billion Bombshell: Massive Stake in SpaceX Revealed
Nvidia has disclosed its significant stake in SpaceX, holding nearly 123 million shares valued at approximately $21 billion by the end of the second quarter.
This revelation highlights a deepening relationship between the two companies, with Nvidia also investing in AI startups and cloud computing ventures.
SpaceX's share value has declined sharply since its June IPO, but Nvidia's investment underscores its commitment to the AI ecosystem, with CEO Jensen Huang pushing for investments across the sector.
Nvidia's stake in SpaceX is not the only significant holding disclosed by the company; it also revealed holding around 214 million shares in Intel, worth approximately $29 billion.