Tesla Inc. CEO Elon Musk and Nvidia Inc. CEO Jensen Huang walk out during the U.S.-Saudi Investment Forum held at the Kennedy Center in Washington, DC, on Wednesday, November 19, 2025.
Stephanie Reynolds | Bloomberg | Getty Images
Nvidia revealed on Friday that it owned Elon Musk’s stock. space x It was worth about $21 billion at the end of the second quarter.
The chipmaker said in a filing with the Securities and Exchange Commission that it owns 122.8 million Class A shares of Elon Musk’s rocket maker, which made its public market debut in June.
SpaceX stock closed Friday at $140, down from $170.86 at the end of June, reducing the value of Nvidia stock to about $17.2 billion.
This is its second-largest holding after NVIDIA stock. intelis now worth about $22 billion, down from $30 billion at the end of the quarter. This represents a huge return on the $5 billion investment Nvidia made in less than a year.
Based on FactSet data, NVIDIA is the sixth-largest investor in SpaceX. Musk is the company’s largest owner with a stake worth about $850 billion. alphabet The second place is about 78 billion dollars.
Nvidia’s SpaceX stake comes from the company’s $10 billion investment in Musk’s xAI as part of a $20 billion round in January, said a person familiar with the matter who asked not to be identified because the exact size of the deal was not disclosed. SpaceX acquired xAI in February in a deal worth $1.25 trillion.
Musk said during SpaceX’s second-quarter earnings conference earlier this month that the company’s AI data centers will use only Nvidia chips. He said Nvidia’s graphics processing units have the “best architecture” for AI model training and inference, as well as related products and services.
Musk also said on the conference call that he expects SpaceX to receive a “significant allocation” of Nvidia’s Vera Rubin GPUs next year.
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