Nvidia Discloses $21 Billion Stake in SpaceX in June Filing
Key Facts
Regulatory filings showed Nvidia disclosed a stake in SpaceX valued at about $21 billion in its portfolio as of June 30, 2026. The company filed the disclosure with the U.S. Securities and Exchange Commission on August 14, so the value reflects a dated quarterly snapshot, not a new announcement on October 29. Fortune, citing Bloomberg, described the holding as an investment in Elon Musk’s company, alongside Nvidia’s $30 billion stake in Intel. SpaceX ranked second among the equity holdings Nvidia disclosed, after Intel. The filing therefore provides a picture of the company’s financial exposure to the two companies at the end of June, not a real-time value for its portfolio.
The filing date and the nature of its data resolve the difference between the figure in some earlier accounts and the value recorded in the document. The 13F-HR covered the period ended June 30, while its official filing date was August 14, 2026. Press coverage put the value of the SpaceX stake at about $21 billion, not $18 billion as a value Nvidia disclosed on October 29. The stake’s second-place ranking is also specific to the portfolio snapshot at the end of June, behind Intel’s stake of about $30 billion in the same filing. This comparison does not turn the figures into current valuations of either holding; they document what appeared in a periodic filing for an earlier period.
The August filing was the first time Nvidia disclosed the value of its position in SpaceX since investing in Musk’s artificial intelligence company xAI, according to Fortune, citing Bloomberg. The report said Nvidia invested up to $2 billion in xAI during 2025 through financing that included equity and debt in a private entity designed to buy Nvidia processors for the startup’s computing project. That earlier investment provides a timeline for the appearance of the SpaceX stake’s value in the filing, but does not by itself establish how the stake was formed or whether it resulted directly from that financing. The corporate structure later changed: SpaceX disclosed to the Securities and Exchange Commission that it had completed its acquisition of xAI on February 2, 2026, making xAI a wholly owned subsidiary of SpaceX. These facts link the two entities within the structure described in the documents, without making the earlier investment amount a valuation of Nvidia’s stake in SpaceX.
The Intel holding offers another view of Nvidia’s disclosed portfolio. Fortune reported that the value of Nvidia’s stake in Intel rose to about $30 billion in the second-quarter filing, from about $9.5 billion three months before the August filing, based on regulatory disclosures. In 2025, Nvidia agreed to invest $5 billion in Intel, and the companies announced plans to work together on developing chips for personal computers and data centers. These figures provide context for comparing the two holdings in the filing: the Intel stake was larger, followed by the SpaceX stake. Nvidia also disclosed stakes in Coherent, Generate Biomedicines, Nebius, Nokia and Synopsys as of June 30, placing its investments in SpaceX and Intel within a portfolio that includes other companies.
In the context of the later-announced technology relationship, Nvidia said SpaceX AI would deploy Vera central processing units to accelerate the next generation of agentic AI applications, and that it planned to expand its Groq computing infrastructure using the Vera Rubin platform. The company said Vera includes 88 Nvidia-designed Olympus cores and provides bandwidth of up to 1.2 terabytes per second. Its statement added that the processor enables tasks to be completed up to 1.8 times faster than x86 processors in specific workloads. These figures are specifications and performance claims announced by Nvidia, not an independent measurement of the platform’s operating results. The technology-use announcement provides context for the companies’ relationship in computing, while the financial holding disclosure remains distinct in what it says about the scale of purchases or supply terms.