Nvidia's $21 Billion SpaceX Stake, and Who Else Has Skin in the Game

Nvidia's SpaceX stake came from its January investment in xAI, not a direct SpaceX bet. When Elon Musk later merged xAI into SpaceX, xAI's shareholders, including Nvidia, received SpaceX equity in exchange. By June, Nvidia held nearly 123 million SpaceX shares worth roughly $21 billion, later valued around $17 billion after SpaceX's IPO. daily.dev helps engineers track how AI compute deals reshape ownership across chipmakers and infrastructure providers.

Google pays SpaceX $920 million a month for access to around 110,000 Nvidia GPUs, effectively renting compute infrastructure instead of building its own data centers. Alphabet also separately owns about $94.1 billion of SpaceX equity as of June, giving it both a customer relationship and an equity stake in the same company. Engineers evaluating buy-versus-rent GPU strategies can follow deals like this on daily.dev.

SpaceX has committed to building its data centers exclusively on Nvidia's Vera Rubin architecture, with compute capacity potentially reaching 10GW by the end of 2027. AMD, despite holding 3.31 million SpaceX shares worth about $565.5 million, was excluded from the buildout, meaning it profits from SpaceX's rising valuation without capturing any of the hardware revenue. daily.dev keeps developers weighing GPU vendor lock-in and supply deals informed on shifts like this.