Quick Read – Nvidia’s $10B xAI investment became a $21B SpaceX stake after Musk folded the AI startup into his rocket company – Musk confirmed SpaceX will build its AI data centers exclusively on Nvidia’s Vera Rubin chips, closing the loop on the circular investment strategy. -…
aceX and Intel together represent nearly 80% of Nvidia’s disclosed stock portfolio, giving shareholders indirect exposure to rockets and legacy chip manufacturing. – Chipmakers used to sell hardware and cash the check. In 2026, they’re increasingly bankrolling the customers who buy it
Microsoft (NASDAQ:MSFT) backs OpenAI. Amazon (NASDAQ:AMZN) backs Anthropic. And Nvidia (NASDAQ:NVDA), the company supplying the picks and shovels for the entire AI gold rush, has quietly become one of the largest shareholders in the companies building the mines.
That arrangement raised eyebrows again this week, and the number attached to it is hard to ignore. Nvidia’s filing yesterday disclosed a stake in Elon Musk’s SpaceX (NASDAQ:SPCX) worth roughly $21 billion at the end of the second quarter. It’s a position that didn’t exist a year ago, and it says a lot about how tightly Nvidia has wired itself into the AI infrastructure boom it helped create.