Nvidia Discloses $21 Billion SpaceX Stake, Intel Holdings Surge to $30 Billion
On.cc · 2 SOURCESabout 1 hour ago2 MIN
Summary
Nvidia disclosed on Friday that it holds approximately 122.8 million Class A shares of SpaceX, valued at nearly $21 billion based on the Q2 stock price of $170.86 per share. The disclosure comes as Nvidia's investment in xAI — totaling $2 billion through a special purpose vehicle — converted into SpaceX equity when xAI was merged into SpaceX in February to prepare for a potential public listing. Nvidia's Intel holdings have simultaneously surged in value, rising 215% from $9.5 billion at the end of Q1 to approximately $30 billion, making Intel Nvidia's largest portfolio holding.
Key Points
- Nvidia holds 122.8 million SpaceX Class A shares worth $21B at Q2 prices, now ~$17.2B at Friday's $140 close
- SpaceX's sixth-largest shareholder, Nvidia entered via its $2B xAI investment that merged into SpaceX in February
- Nvidia invested $2B in xAI through an SPV in 2025, aiming to secure processors for large computing projects
- Nvidia's Intel stake of ~214.8M shares has surged from $9.5B in Q1 to $30B, a 215% increase driven by Intel's stock rally
- Harvard Management Co holds approximately $2.2 billion in SpaceX shares, representing over 51% of its $4.3B US portfolio
Why It Matters
Nvidia's substantial positions across AI infrastructure, semiconductors, and space technology demonstrate how major tech players are building interconnected stakes across emerging sectors. The conversion of xAI investment into SpaceX equity illustrates how strategic bets on AI companies can reshape ownership structures in unrelated industries. For Hong Kong investors, these disclosures signal the growing convergence between artificial intelligence, space ventures, and traditional chip manufacturing in shaping the next generation of technology investment themes
Nvidia's substantial positions across AI infrastructure, semiconductors, and space technology demonstrate how major tech players are building interconnected stakes across emerging sectors. The conversion of xAI investment into SpaceX equity illustrates how strategic bets on AI companies can reshape ownership structures in unrelated industries. For Hong Kong investors, these disclosures signal the growing convergence between artificial intelligence, space ventures, and traditional chip manufacturing in shaping the next generation of technology investment themes