Nvidia disclosed that its stake in SpaceX, acquired through an investment in xAI, was worth about $21 billion at the end of the second quarter:
SpaceX went public in June with a record IPO, and its stock has been volatile in the two months since:
Elon Musk's rocket company recently stated it will exclusively use Nvidia's AI chips in its data centers and for AI models:
Nvidia reported it owns 122.8 million Class A shares in SpaceX, which have seen a decline in value recently:
Musk mentioned that SpaceX expects to receive a "significant allocation" of Nvidia's Vera Rubin GPUs next year:
