Nvidia Discloses Major Stakes in SpaceX ($21B) and Intel ($30B), Highlighting Strategic Investments

Nvidia Corp., a dominant force in artificial intelligence and graphics processing units (GPUs), has publicly disclosed substantial investment holdings, most notably a nearly $21 billion stake in Elon Musk's aerospace and telecommunications giant, SpaceX, and a $30 billion position in semiconductor rival Intel Corp. As of June 30, the regulatory filing revealed that Nvidia held approximately 122.8 million shares in SpaceX. This disclosure is particularly noteworthy as it marks the first time Nvidia has provided a specific valuation for its SpaceX holdings. The context for this investment is further illuminated by Nvidia's prior involvement with Musk's artificial intelligence startup, xAI. xAI was integrated into SpaceX earlier this year, a move that preceded an anticipated public debut, signaling a significant strategic alignment. In 2025, Nvidia had committed up to $2 billion to xAI through a financing arrangement that included both equity and debt. This funding was channeled via a special purpose vehicle, specifically designed to acquire Nvidia's processors for xAI's ambitious large-scale computing projects, a detail previously reported by Bloomberg. The valuation of Nvidia's Intel shares has experienced a dramatic surge. Merely three months prior to this disclosure, this stake was valued at approximately $9.5 billion, underscoring a significant appreciation in its worth. Nvidia's investment in Intel, a company that has faced challenges in recent years, dates back to last year. At that time, the two tech titans announced a strategic partnership that included Nvidia's agreement to invest $5 billion in Intel. This collaboration also entailed a joint effort to co-develop advanced chips for personal computers and data centers. This alliance was widely perceived as a surprising development within the highly competitive semiconductor industry, potentially aimed at bolstering a major, albeit rival, player. Beyond these substantial holdings, Nvidia's regulatory filing also indicated stakes in several other companies as of June 30, including Coherent Corp., Generate Biomedicines Inc., Nebius Group NV, Nokia Corp., and Synopsys Inc. These diverse investments reflect Nvidia's broader financial strategy and its engagement across various technology sectors.