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Nvidia Pours $21B into SpaceX, Entrenching Ties to Musk Empire

Guavy AI Editorial Team
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NVDA
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Nvidia Corp. has made a significant investment in Elon Musk's space firm SpaceX, holding around 122.8 million shares at the end of June, worth $20.98 billion.

This makes SpaceX one of the largest outside investments for Nvidia, with its investment portfolio ballooning due to vast amounts of cash generated from the AI boom.

Nvidia also holds over $30 billion worth of Intel stock at the same quarter end, making it a dominant equity holding in the company's portfolio.

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