tech
Nvidia discloses $21 billion stake in SpaceX at end of second quarter
Nvidia's stake in SpaceX, which came through an investment in xAI, was worth about $21 billion at the end of the second quarter.
TL;DR
- Nvidia's stake in SpaceX was valued at about $21 billion at the end of Q2.
- The stake came from Nvidia's $10 billion investment in Elon Musk's xAI.
- SpaceX acquired xAI in February for $1.25 trillion.
- SpaceX will exclusively use Nvidia chips in its AI data centers.
- Elon Musk expects SpaceX to receive a significant allocation of Nvidia's Vera Rubin GPUs next year.