Nvidia's $21B rocket ride: Jensen Huang owns a chunk of SpaceX
Nvidia quietly disclosed it holds nearly 123 million SpaceX shares, worth about $21 billion at the end of June (now closer to $17 billion after SpaceX's post-IPO slide). The stake traces back to Nvidia's January investment in xAI, which Musk later folded into SpaceX. It's the latest proof that Jensen Huang isn't just selling chips to the AI boom, he's financially wired into nearly every company buying them, including SpaceX, which just went exclusive with Nvidia hardware for its data centers.
Nvidia sells you the shovels, then buys a piece of your gold mine.