Nvidia’s Hidden 123 Million SpaceX Shares Are Already $4B Underwater
Nvidia disclosed it holds nearly 123 million shares in SpaceX, acquired through an investment in xAI which was later folded into SpaceX. This stake, initially valued at $21 billion, has seen a paper loss of approximately $4 billion due to a recent decline in SpaceX's stock price. SpaceX's CEO Elon Musk confirmed the company's exclusive reliance on Nvidia for its data center hardware needs.
- Entities
- Topic: Finance
- Topic: Artificial Intelligence
- Person: Elon Musk
- Company: xAI
- Topic: Semiconductors
- Company: SpaceX
- Person: Jensen Huang
- Company: NVIDIA
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