Nvidia Invests $21 Billion in SpaceX Amid Strong Portfolio Growth
Nvidia has made a significant investment of $21 billion in SpaceX as part of its growing portfolio, which now totals $63.4 billion in stock holdings. This move comes after the company's overall investments surged by over 250% from March to June, largely driven by gains in its stake in Intel and new allocations like SpaceX. The investment reflects a strategic shift as Nvidia diversifies beyond its core business into high-growth areas such as AI infrastructure. CEO Jensen Huang has publicly praised Elon Musk's work at SpaceX and Tesla, highlighting strong mutual admiration between the two leaders. While Intel’s stock surged during this period, SpaceX is trading near but below its IPO price. Nvidia now holds 44.2% of its portfolio in Intel and 30.9% in SpaceX, with other holdings making up only single-digit percentages each.
Topics: Nvidia SEC Filing SpaceX Stock Holdings