Nvidia's filing reveals a $21 billion stake in SpaceX, following Elon Musk's announcement of an exclusive deal to supply its data centers.
Nvidia disclosed a $21 billion equity stake in SpaceX in a regulatory filing, coming after Musk announced an exclusive arrangement to equip SpaceX data centers with Nvidia hardware. The stake ties two of the most capital-intensive companies in tech even closer together.
The disclosure adds to a growing list of Nvidia investments in the infrastructure of its largest customers, spanning cloud developers, AI labs, and now space and satellite operations.
Nvidia is quietly becoming a shareholder in the entire AI and compute supply chain, not just its supplier. For operators and investors, that concentration of ownership is itself a market risk worth tracking alongside chip performance.
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