NVIDIA

NVIDIA在SpaceX disclosed a $21 billion stake, making it one of the largest known corporate cross-investments in tech history. NVIDIA holds nearly 123 million SpaceX shares, according to its latest SEC filing. This disclosure comes just weeks after SpaceX completed its IPO on the Nasdaq, raising roughly $75 billion.

AI Alliance

SpaceX has been building out AI infrastructure, operating massive GPU clusters that run almost entirely on NVIDIA hardware. The relationship between the two companies became more pronounced after SpaceX’s acquisition of xAI, which brought additional compute capacity under the SpaceX umbrella.

Compute-Leasing Contracts

SpaceX has reportedly signed compute-leasing contracts with major AI labs that rely on its NVIDIA-powered GPU clusters, including a deal with Anthropic valued at $1.25 billion per month and another with Google involving 110,000 GPUs at a rate of $920 million monthly.

NVIDIA's Investments

The SpaceX position wasn’t the only significant line item in NVIDIA’s filing, as the company also disclosed a stake in Intel valued at approximately $30 billion. Combined, the SpaceX and Intel positions represent over $50 billion in equity investments.