Nvidia's $21 Billion Stake in SpaceX: Unpacking the Exclusive Chip Partnership
Nvidia's massive investment in SpaceX has been revealed to be worth nearly $21 billion at the end of June, making it one of the chipmaker's largest single holdings.
The stake originated from Nvidia's earlier investment in xAI, which merged with SpaceX before its blockbuster stock market debut. The deal effectively delivered Nvidia a front-row seat and a sizable equity stake in one of the most valuable private companies in the world.
Nvidia and SpaceX have an exclusive chip partnership, where the rocket maker uses Nvidia's Vera Rubin architecture for data center hardware. This commitment gives Nvidia a guaranteed customer for years of future chip generations.
The deal is part of Nvidia's broader push to use its financial firepower to lock in customers, influence, and returns across the AI industry. The company has committed over $100 billion to AI companies over the past two years and plans to create a $500 billion investor consortium to finance its own customers through partially guaranteed loans.