Nvidia's 13F Reveals $21 Billion SpaceX Stake Born From Its xAI Investment

3-line summary

• Nvidia's latest 13F filing disclosed a SpaceX stake worth roughly $21 billion as of June 30, a position that traces back to its $10 billion investment in Elon Musk's xAI in January, according to a 24/7 Wall St. report via Yahoo Finance.
• SpaceX acquired xAI in an all-stock deal valued at $1.25 trillion in February, converting Nvidia's xAI shares into approximately 122.8 million SpaceX Class A shares; together with its Intel stake, the SpaceX position made up nearly 80% of Nvidia's disclosed equity portfolio.
• Musk said on SpaceX's first earnings call as a public company that the firm will build its AI data centers exclusively on Nvidia's Vera Rubin chips; SpaceX shares closed at $140 on Friday, trimming the stake's value to about $17.2 billion from the June 30 filing mark.

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