Nvidia Corp. disclosed a nearly $21 billion stake in SpaceX, according to a regulatory filing made on August 14. The company held about 122.8 million shares in SpaceX as of June 30. This marks the first time Nvidia has revealed the value of its SpaceX position since its investment in Elon Musk’s artificial intelligence startup xAI, which was merged into SpaceX earlier this year.
Key Details
Harvard Management Company also reported a $2.2 billion stake in SpaceX, making it one of the largest endowment holders of the stock. Harvard's position was disclosed in its 13F filing, which showed that SpaceX is its largest individual stock holding among its $4.3 billion in U.S. equities. The gains from SpaceX come as the company reported a 247% revenue growth in its AI segment, driven by cloud services deals with Alphabet and Anthropic.
Background
Alphabet’s investment in SpaceX has yielded a more than 100-fold return since 2015, with its stake valued at approximately $94 billion as of June 30. Elon Musk holds a 48.4% stake in SpaceX, valued at over $900 billion. The company is currently valued at more than $1.8 trillion, reflecting its rapid growth and expansion into AI infrastructure.
Related coverage: Nvidia Secures $500 Billion Financing Amid AI Investment.
Nvidia's significant investment in SpaceX is likely to affect the technology and AI sectors, particularly as the company continues to deepen its partnership with Musk's ventures. Investors will watch for further developments in SpaceX's AI initiatives and any upcoming financial disclosures from Nvidia regarding its investments in AI infrastructure.
Based on reporting by: livemint.com, businesstimes.com.sg