--- title: Nvidia's $21 Billion SpaceX Stake, and Who Else Has Skin... description: Nvidia's SEC filing shows it holds roughly 123 million SpaceX shares worth about $21 billion as of June, a stake that dropped to around $17 billion after... canonical: https://daily.dev/posts/nvidia-s-21-billion-spacex-stake-and-who-else-has-skin-in-the-game-b0spvzfeq twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Nvidia's $21 Billion SpaceX Stake, and Who Else Has Skin in the Game | daily.dev og:description: Nvidia's SEC filing shows it holds roughly 123 million SpaceX shares worth about $21 billion as of June, a stake that dropped to around $17 billion after... og:url: https://daily.dev/posts/nvidia-s-21-billion-spacex-stake-and-who-else-has-skin-in-the-game-b0spvzfeq og:image: https://api.daily.dev/og/posts/B0sPvzfeq.png og:image:alt: Nvidia's $21 Billion SpaceX Stake, and Who Else Has Skin in the Game og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Nvidia's $21 Billion SpaceX Stake, and Who Else Has Skin in the Game **[Collections](https://daily.dev/sources/collections)** · 2 min read · 1 upvotes · 0 comments ## Summary Nvidia's SEC filing shows it holds roughly 123 million SpaceX shares worth about $21 billion as of June, a stake that dropped to around $17 billion after SpaceX's IPO. The equity traces back to Nvidia's January investment in xAI, which was later folded into SpaceX. Beyond the passive stake, Nvidia is set to become one of SpaceX's largest hardware suppliers, with SpaceX committing to build its data centers exclusively on Nvidia's Vera Rubin architecture, targeting up to 10GW of compute by end of 2027. Alphabet has a bigger, dual-sided exposure: it pays SpaceX $920 million a month for access to roughly 110,000 Nvidia GPUs while also holding about $94.1 billion in SpaceX equity. AMD holds a smaller $565.5 million SpaceX stake but was shut out of the data-center buildout, benefiting from SpaceX's rising valuation while a rival, Nvidia, captures the hardware revenue. ## Content Nvidia's latest SEC filing reveals it's sitting on nearly 123 million shares of SpaceX, a stake worth roughly $21 billion at the end of June. That value has since slipped to about $17 billion after SpaceX shares dropped following the company's IPO. How did Nvidia end up owning a chunk of SpaceX? It goes back to January, when Nvidia invested in xAI. When Musk later merged xAI into SpaceX, xAI's shareholders (Nvidia included) got SpaceX equity in return. So this isn't really a deliberate SpaceX bet so much as a byproduct of the xAI deal working its way through Musk's corporate structure. What makes this more than just a passive investment is the business relationship forming alongside it. Musk has confirmed SpaceX will build its data centers exclusively on Nvidia's Vera Rubin architecture, with compute capacity potentially reaching 10GW by the end of 2027. So Nvidia isn't just an investor here, it's also about to become one of SpaceX's biggest suppliers. That's a tidy setup: own the equity, then sell the hardware that grows the company's value. **Nvidia isn't the only tech giant tangled up in SpaceX's cap table** Alphabet has exposure from both directions, and at a much larger scale. Google has agreed to pay SpaceX $920 million a month for access to around 110,000 Nvidia GPUs, essentially renting SpaceX's infrastructure instead of building its own. Meanwhile, Alphabet also owns about $94.1 billion of SpaceX equity as of June. So Google gets to offload the infrastructure risk to SpaceX while Alphabet still profits from being SpaceX's landlord, in a sense. Then there's AMD, stuck in a genuinely odd spot. It holds 3.31 million SpaceX shares worth about $565.5 million at June-end, so it benefits if SpaceX's valuation keeps climbing. But SpaceX has already committed its entire data-center buildout to Nvidia, not AMD. Which means AMD gets to enjoy the upside of owning a piece of SpaceX while watching a competitor collect all the accelerator revenue from the buildout that's driving that upside. Not exactly the position you'd choose on purpose. ## Questions this post answers ### How much SpaceX stock does Nvidia own and how did it get it? Nvidia holds roughly 123 million SpaceX shares, worth about $21 billion at the end of June and around $17 billion after SpaceX shares fell post-IPO. Nvidia did not buy into SpaceX directly; the stake came from its January investment in xAI, which converted into SpaceX equity when Musk merged xAI into SpaceX. _Investors weighing AI infrastructure exposure follow deal structures like this one on daily.dev._ ### What compute deal did SpaceX make with Nvidia for its data centers? SpaceX will build its data centers exclusively on Nvidia's Vera Rubin architecture, with compute capacity potentially reaching 10GW by the end of 2027. This makes Nvidia both a SpaceX equity holder and one of its biggest hardware suppliers, benefiting from the value growth its own hardware sales help create. _Engineers tracking AI data-center buildouts follow supplier commitments like Nvidia's on daily.dev._ ### How much is Google paying SpaceX for GPU access and what equity does Alphabet hold? Google agreed to pay SpaceX $920 million a month for access to around 110,000 Nvidia GPUs, renting SpaceX's infrastructure rather than building its own. Alphabet separately owns about $94.1 billion of SpaceX equity as of June, giving it both a customer and an investor relationship with SpaceX. _Anyone comparing cloud-versus-rent GPU strategies can track deals like this via daily.dev._ ## Similar posts on daily.dev - [Nvidia now holds $99bn in shares of the companies that buy its chips](https://daily.dev/posts/nvidia-now-holds-99bn-in-shares-of-the-companies-that-buy-its-chips-kkigsfsww) · The Next Web · 0 upvotes · 0 comments - [SpaceX’s biggest bull sees a $10.5tn valuation](https://daily.dev/posts/spacex-s-biggest-bull-sees-a-10-5tn-valuation-nmvcwxf4c) · The Next Web · 0 upvotes · 0 comments - [Nvidia has already committed $40B to equity AI deals this year](https://daily.dev/posts/nvidia-has-already-committed-40b-to-equity-ai-deals-this-year-5athpz2y7) · TechCrunch · 3 upvotes · 0 comments --- Tags: [#tech-news](https://daily.dev/tags/tech-news), [#nvidia](https://daily.dev/tags/nvidia), [#gpu](https://daily.dev/tags/gpu), [#amd](https://daily.dev/tags/amd), [#spacex](https://daily.dev/tags/spacex) [View this post on daily.dev](https://daily.dev/posts/nvidia-s-21-billion-spacex-stake-and-who-else-has-skin-in-the-game-b0spvzfeq) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Nvidia's $21 Billion SpaceX Stake, and Who Else Has Skin in the Game","url":"https://daily.dev/posts/nvidia-s-21-billion-spacex-stake-and-who-else-has-skin-in-the-game-b0spvzfeq","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/nvidia-s-21-billion-spacex-stake-and-who-else-has-skin-in-the-game-b0spvzfeq"},"datePublished":"2026-08-17T15:12:17.702Z","dateModified":"2026-09-13T19:47:31.670Z","description":"Nvidia's SEC filing shows it holds roughly 123 million SpaceX shares worth about $21 billion as of June, a stake that dropped to around $17 billion after...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/876d7ed2660237f05c5d785f76709173?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/876d7ed2660237f05c5d785f76709173?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"Collections","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"Collections","logo":"https://media.daily.dev/image/upload/s--fk_6ycEi--/f_auto,q_auto/v1780996001/logos/collections?_a=BAMAMiWQ0","url":"https://daily.dev/sources/collections"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/nvidia-s-21-billion-spacex-stake-and-who-else-has-skin-in-the-game-b0spvzfeq","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":1},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"tech-news,nvidia,gpu,amd,spacex","timeRequired":"PT2M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"Collections","item":"https://daily.dev/sources/collections"},{"@type":"ListItem","position":3,"name":"Nvidia's $21 Billion SpaceX Stake, and Who Else Has Skin in the Game"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/nvidia-s-21-billion-spacex-stake-and-who-else-has-skin-in-the-game-b0spvzfeq#faq","mainEntity":[{"@type":"Question","name":"How much SpaceX stock does Nvidia own and how did it get it?","acceptedAnswer":{"@type":"Answer","text":"Nvidia holds roughly 123 million SpaceX shares, worth about $21 billion at the end of June and around $17 billion after SpaceX shares fell post-IPO. Nvidia did not buy into SpaceX directly; the stake came from its January investment in xAI, which converted into SpaceX equity when Musk merged xAI into SpaceX. Investors weighing AI infrastructure exposure follow deal structures like this one on daily.dev."}},{"@type":"Question","name":"What compute deal did SpaceX make with Nvidia for its data centers?","acceptedAnswer":{"@type":"Answer","text":"SpaceX will build its data centers exclusively on Nvidia's Vera Rubin architecture, with compute capacity potentially reaching 10GW by the end of 2027. This makes Nvidia both a SpaceX equity holder and one of its biggest hardware suppliers, benefiting from the value growth its own hardware sales help create. Engineers tracking AI data-center buildouts follow supplier commitments like Nvidia's on daily.dev."}},{"@type":"Question","name":"How much is Google paying SpaceX for GPU access and what equity does Alphabet hold?","acceptedAnswer":{"@type":"Answer","text":"Google agreed to pay SpaceX $920 million a month for access to around 110,000 Nvidia GPUs, renting SpaceX's infrastructure rather than building its own. Alphabet separately owns about $94.1 billion of SpaceX equity as of June, giving it both a customer and an investor relationship with SpaceX. Anyone comparing cloud-versus-rent GPU strategies can track deals like this via daily.dev."}}]} ```