Nvidia Discloses $21B Stake in SpaceX
TL;DR. Nvidia revealed a nearly $21 billion stake in SpaceX, highlighting deep financial ties with key customers. - The investment follows an exclusive arrangement for SpaceX to equip its data centers with Nvidia's AI chips. - This disclosure underscores Nvidia's strategy to use its financial power to forge AI industry links. - Nvidia previously invested in xAI, which later combined with SpaceX, boosting its overall investment.
- Nvidia disclosed holding nearly 123 million shares in SpaceX, valued at $21 billion at the end of June.
- The investment reinforces Nvidia's strategy of intertwining financially with major AI industry players and customers.
- Elon Musk confirmed SpaceX has an exclusive deal to use Nvidia's Vera Rubin architecture for its data centers.
- Nvidia's stake partly reflects its earlier investment in xAI, which subsequently merged with SpaceX.
Sources
- Nvidia discloses $21B stake in SpaceX — arstechnica.com