Nvidia reveals $21B SpaceX stake and $30B Intel position in strategic AI infrastructure expansion

Nvidia Unveils Major Strategic Stakes in SpaceX and Intel

Nvidia disclosed ownership of nearly 122.8 million shares in SpaceX worth approximately $21 billion at the end of June, according to an SEC filing released Friday1

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. The Nvidia SpaceX stake originated from the chipmaker's investment in xAI, completed in January before Elon Musk merged the AI lab with SpaceX3

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. SpaceX's volatile stock performance since its June IPO has reduced the stake's current value to roughly $17 billion1

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The regulatory filings also revealed that Nvidia holds approximately 214.8 million Intel shares valued at $30 billion, representing a massive return on the company's $5 billion investment made less than a year ago2

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. This Intel position has generated nearly $25 billion in gains for Nvidia4

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. The investment was part of a strategic AI partnership announced in September, where both companies committed to developing AI infrastructure together2

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Strategic AI Infrastructure Partnerships Drive Investment Decisions

Nvidia's investment strategy reflects CEO Jensen Huang's approach to forging complex financial links across the AI industry, particularly with major customers1

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. During SpaceX's first public earnings call, Musk confirmed an exclusive relationship with Nvidia for AI data centers. "We've decided to build exclusively on Nvidia because we think [its] Vera Rubin architecture is the best architecture," Musk stated, emphasizing the close cooperation between the companies1

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SpaceX plans to dramatically expand its computing capacity from 2 gigawatts at year-end to closer to 10 gigawatts by the end of 20271

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. Musk also indicated that SpaceX expects a "significant allocation" of Nvidia's Vera Rubin GPUs next year3

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. This exclusive commitment to Nvidia hardware for AI data centers both on Earth and in orbit underscores the strategic nature of Nvidia's investment2

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Nvidia's Broader Investment Portfolio Spans AI Ecosystem

With quarterly revenue exceeding $80 billion and net income approaching $60 billion, Nvidia has deployed substantial capital across the AI infrastructure landscape2

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. The company has committed more than $100 billion to AI companies over the past two years, including sizeable investments in cloud computing startups like CoreWeave and AI labs1

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Nvidia's investment portfolio includes a $2 billion stake in Coherent, a major maker of lasers and optical materials expected to supply Ultra-High-Power Continuous-Wave lasers for Nvidia's next-generation data center platforms using co-packaged optics2

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. The chipmaker also invested $1 billion in Nokia last October to accelerate AI-RAN innovation and support the transition from 5G to 6G, with that stake now valued at $2.2 billion2

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Additional holdings include $2.15 billion in Synopsys, an electronic design automation provider aggressively adding AI capabilities to its chip development tools4

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. Nvidia also maintains positions in CoreWeave, now worth $4.699 billion across 47.213 million shares, and Nebius, valued at $328.77 million—nearly five times its 2025 value2

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Shifting Positions Signal Evolving Strategic Priorities

Notably, Nvidia has completely exited its Arm position, selling all 1.1 million shares that were worth $178.1 million last August2

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. Despite this divestment, Nvidia is expected to continue developing Arm-based CPUs for its AI chip technology roadmap4

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Nvidia recently announced plans to assemble more than $500 billion from a consortium including Apollo Global, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR to help finance its customers1

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. The company plans to partially guarantee loans backed by the value of its chips, further binding the AI infrastructure ecosystem to Nvidia's GPU architecture and accelerating AI data center buildout1

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. These strategic AI partnerships and Nvidia's investment strategy position the $5.5 trillion company at the center of AI infrastructure development, creating circular financial relationships that strengthen its market dominance while supporting rapid industry expansion1

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