On Friday, NVIDIA made a groundbreaking revelation: as of the close of the second quarter this year, the company had acquired 122.8 million shares of SpaceX stock, boasting an approximate market value of $17.2 billion. This positions NVIDIA as the sixth-largest shareholder of SpaceX. The roots of this significant holding trace back to NVIDIA's substantial $10 billion investment in xAI in January of this year. Subsequently, due to SpaceX's acquisition of xAI, NVIDIA's investment was converted into SpaceX shares. Moreover, in a move that underscores the deepening ties between the two entities, SpaceX has committed to exclusively utilizing NVIDIA chips in its AI data center infrastructure moving forward.
