{
  "id": 2524042,
  "title": "NVIDIA Corporation (NVDA)’s Space Exploration Technologies (SPCX) Stake Traces Back to a Wild $1.25 Trillion Deal. Here’s How It Happened",
  "url": "https://urgent.news/2026/08/21/nvidia-corporation-nvda-s-space-exploration-technologies-spcx-stake",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T00:58:25.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/technology/ai/articles/nvidia-corporation-nvda-space-exploration-005825605.html"
  },
  "original_language": "en",
  "account": "On August 14, 2026, NVIDIA Corporation (NASDAQ:NVDA) revealed that its stake in Space Exploration Technologies Corp. (NASDAQ:SPCX) was valued at approximately $21 billion at the end of the second quarter. This stake originated from a $10 billion investment NVIDIA made in Elon Musk's AI lab, xAI, as part of a $20 billion funding round in January 2026. This investment was made before SpaceX acquired xAI for $1.25 trillion in February of the same year.\n\nNVIDIA's investment in SPCX was not originally a bet on rockets, but rather on Musk's AI lab, which was later integrated into SpaceX. As a result of this unique path, NVIDIA owns 122.8 million shares of SpaceX, a significant portion of the company. Musk has stated that SpaceX will exclusively use NVIDIA chips in its AI data centers, calling NVIDIA's graphics processing units (GPUs) the best architecture for training and running AI models.\n\nMusk also mentioned that SpaceX anticipates a substantial allocation of NVIDIA's next-generation Vera Rubin GPUs next year. The company plans to expand its computing capacity from 2 gigawatts today to around 10 gigawatts by the end of 2027, indicating a significant future demand for NVIDIA's hardware. SPCX shares closed at $140 on August 14, 2026, down from $170.86 at the end of June, which means the real-time value of NVIDIA's stake had already dropped to approximately $17.2 billion from the $21 billion headline figure.\n\nThe disclosure highlights NVIDIA's efforts to create intricate and often interconnected financial relationships across the AI industry, as noted by The Financial Times. This pattern is also evident in NVIDIA's other major disclosed stake in Intel, which has declined to about $22 billion from $30 billion just three months earlier. The Financial Times highlighted that this disclosure underscores the scale of NVIDIA's commitment to forging complex financial links within the AI sector.\n\nInterestingly, NVIDIA is only SPCX's sixth-largest investor, trailing behind Musk himself, who holds roughly $850 billion worth of shares, and Alphabet, with an investment of around $78 billion. This indicates that even a $21 billion stake in SPCX is relatively modest compared to the ownership dominated by a few massive holders. Despite this relatively small position, NVIDIA has become one of the most crucial financiers in AI infrastructure, not merely the biggest supplier. Its stake in SPCX, born out of a bet on xAI that later became part of SpaceX, demonstrates the unpredictable nature of NVIDIA's role in this evolving landscape.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}