By Lora Kolodny
Publication Date: 2026-08-14 21:45:00
Elon Musk, chief executive officer of Tesla Inc., left, and Jensen Huang, chief executive officer of Nvidia Corp., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025.
Stefani Reynolds | Bloomberg | Getty Images
Nvidia disclosed on Friday that its stake in Elon Musk’s SpaceX 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 in Elon Musk’s rocket maker, which held its public market debut in June.
SpaceX’s stock closed at $140 on Friday, down from $170.86 at the end of June, so the value of Nvidia’s shares have declined to about $17.2 billion.
It’s Nvidia’s second biggest holding behind its stake in Intel, which is currently worth about $22 billion, down from $30 billion when the quarter ended. That represents a massive return on Nvidia’s $5 billion investment less than a year ago.
Nvidia is the sixth biggest investor in SpaceX, based on data from FactSet. Musk is by far the largest owner with a stake worth about $850 billion. Alphabet is second at roughly $78 billion.
Nvidia’s shares in SpaceX came from the company’s $10 billion investment in Musk’s xAI as part of a $20 billion round in January, according to a person familiar with knowledge of the matter who asked not to be named because the exact size of the deal wasn’t made public. SpaceX acquired xAI in February in a deal valued at $1.25…
