Nvidia filing reveals $21B SpaceX stake, $25B Intel investment

Nvidia has revealed a sprawling investment portfolio valued at tens of billions of dollars, with major stakes in SpaceX and Intel forming the cornerstone of a strategy that blends financial returns with deepening technological alliances. The chipmaker's latest SEC filing, released this week, details a series of strategic bets across the technology sector, underscoring its growing influence beyond its core business of designing graphics processing units.

The most prominent new disclosure is Nvidia's holding of approximately 122.8 million Class A shares in SpaceX, valued at roughly $21 billion as of the end of the second quarter. This position makes Nvidia one of SpaceX's largest investors, behind only Elon Musk and Alphabet. The stake originated from a $10 billion investment Nvidia made in Musk's xAI in January, which was later converted into SpaceX equity after SpaceX acquired xAI in February. The investment has become a key part of a deepening AI partnership. During a recent earnings call, Musk stated that SpaceX will exclusively use Nvidia hardware in its AI data centers on Earth and in orbit, calling Nvidia's GPUs the best architecture for AI training and inference. The...