Nvidia announced it owns approximately 122.8 million shares of SpaceX Class A stock valued at around $21 billion at $170.86 per share as of the end of June 2026 [1, 2, 3, 4, 5, 6, 7]. This stake is Nvidia’s second largest holding after its 214.8 million shares in Intel, worth about $30 billion [1, 2, 4, 5, 6, 7].
SpaceX went public in June 2026 with an IPO price near $135 per share and reached a high of roughly $225 before retreating to $140 on August 14, which lowered Nvidia's SpaceX holding value to about $17.2 billion [1, 3, 4, 5, 6, 7]. Elon Musk remains the largest SpaceX shareholder with holdings valued near $850 billion, followed by Alphabet at about $78 billion. Nvidia ranks as the sixth largest shareholder [1, 3, 4, 7].
Nvidia’s investment originated in January 2026 with a roughly $10 billion funding round for Elon Musk's AI startup xAI [1, 3, 4, 5, 7]. When SpaceX acquired xAI in February 2026 in an all-stock deal valued at $1.25 trillion, Nvidia’s xAI shares converted to SpaceX stock [1, 3, 4, 5, 6].
Elon Musk said the AI data centers for SpaceX will "fully adopt Nvidia chips". He praised Nvidia’s GPUs, saying they have the best architecture for AI training and inference, with a significant Vera Rubin GPU allocation expected in 2027 [1]. Nvidia plans for its GPU technology to be integrated in SpaceX’s AI data centers as soon as next year [1, 3, 5, 6].
Other institutional investors that benefited from SpaceX’s IPO include Harvard Management Company and the University of California, with shares valued near $2.2 billion and $1 billion respectively [1].
The next key date will be monitoring SpaceX’s stock performance after the recent price drop on August 14, which has significantly impacted Nvidia's stake value [1, 3, 4, 5, 6, 7].
