Nvidia’s Secret $21 Billion SpaceX Windfall — How One Chip Deal Turned Into a Rocket Fortune

6 hours ago 1

Rich Duprey

Sat, August 15, 2026 astatine 8:41 AM CDT 5 min read

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Nvidia's $10B xAI concern became a $21B SpaceX involvement aft Musk folded the AI startup into his rocket institution via an all-stock deal.
Musk confirmed SpaceX volition physique its AI information centers exclusively connected Nvidia's Vera Rubin chips, closing the loop connected the circular concern strategy.
SpaceX and Intel unneurotic correspond astir 80% of Nvidia's disclosed banal portfolio, giving shareholders indirect vulnerability to rockets and bequest spot manufacturing.
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Chipmakers utilized to merchantability hardware and currency the check. In 2026, they're progressively bankrolling the customers who bargain it. Microsoft (NASDAQ:MSFT) backs OpenAI. Amazon (NASDAQ:AMZN) backs Anthropic. And Nvidia (NASDAQ:NVDA), the institution supplying the picks and shovels for the full AI golden rush, has softly go 1 of the largest shareholders successful the companies gathering the mines. That statement raised eyebrows again this week, and the fig attached to it is hard to ignore.

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Nvidia's filing yesterday disclosed a involvement successful Elon Musk's SpaceX (NASDAQ:SPCX) worthy astir $21 cardinal astatine the extremity of the 2nd quarter. It's a presumption that didn't beryllium a twelvemonth ago, and it says a batch astir however tightly Nvidia has wired itself into the AI infrastructure roar it helped create.

From xAI to SpaceX: How the Stake Came Together

Nvidia didn't bargain SpaceX banal connected the unfastened market. The presumption traces backmost to January, erstwhile Nvidia enactment $10 cardinal into xAI's $20 cardinal Series E financing round, joining Valor Equity Partners, the Qatar Investment Authority, and Fidelity arsenic backers of Musk's AI startup. That looked similar a straightforward stake connected a ample connection exemplary company.

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Then, successful February, SpaceX acquired xAI successful an all-stock woody valued astatine $1.25 trillion, folding the AI startup into Musk's rocket and outer business. Every stock of xAI converted into SpaceX Class A stock, and Nvidia's presumption went on for the thrust -- landing astatine astir 122.8 cardinal shares. When SpaceX completed its IPO successful June, those shares abruptly had a nationalist terms tag attached, and astatine the June 30 adjacent of $170.86, the involvement was worthy $21 billion. Ironically, a spot concern turned into a rocket concern astir by accident.

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