By Hillary Remy
Publication Date: 2026-10-30 22:33:00
Nvidia doesn’t usually make headlines for what it owns. It makes them for what it sells. But one line in its latest stock filing has investors paying attention: the chipmaker now holds a stake in Elon Musk’s SpaceX worth roughly $18 billion.
On the surface, a chip company holding shares in a rocket maker looks odd. Look closer and it starts to make a lot of sense, because Nvidia is now part supplier and part shareholder. SpaceX has turned into an AI business, and it happens to be one of Nvidia’s biggest customers.
The 13F disclosure and how an xAI stake became SpaceX shares
The stake came to light in August. Nvidia’s 13F filing, submitted on August 14, showed it held about 122.8 million SpaceX shares, making SpaceX its second-largest disclosed holding behind Intel, as reported by TheStreet. At the June 30 close, those shares were worth about $21 billion. The Intel position is a separate bet, built from 214.7 million shares Nvidia bought late last year.
Also read: Bank of America sends SpaceX stock investors strong signal
Nvidia never bought SpaceX stock on the open market. It participated in xAI’s $20 billion Series E funding round in January as one of several backers. When SpaceX bought xAI in an all-stock deal in February, the stake was converted into SpaceX shares.
The value has moved around since then. SpaceX shares were trading near $147 on October 23, which puts Nvidia’s stake at roughly $18…