Nvidia discloses $21 billion stake in SpaceX
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Nvidia discloses a $21 billion stake in SpaceX. The chipmaker has invested more than $100 billion in AI companies over the past two years. SpaceX plans to increase computing capacity from 2 gigawatts to closer to 10 gigawatts by the end of 2027.
Key Facts
- Nvidia has committed more than $100 billion to AI companies in the past two years, including cloud computing startups and AI labs.
- Nvidia plans to assemble more than $500 billion from a consortium including Apollo Global, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR to finance customers.
- SpaceX acquired code-editing startup Cursor for $60 billion this week.
- SpaceX plans to increase computing capacity from 2 gigawatts at the end of 2026 to closer to 10 gigawatts by the end of 2027.
- Google owns roughly 7 percent of SpaceX and told investors in July its stake was valued at about $94 billion.
Nvidia’s AI Investments
Nvidia has committed more than $100 billion to AI companies in the past two years, including cloud computing startups CoreWeave and AI labs Thinking Machines and Safe Superintelligence. The company also invested in Cursor, the code-editing startup that SpaceX acquired for $60 billion this week. This week Nvidia disclosed plans to assemble more than $500 billion from a consortium including Apollo Global, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR to help finance customers. Nvidia plans to partially guarantee loans from the Wall Street investors backed by the value of its chips.
SpaceX Expansion
SpaceX plans to increase its computing capacity from 2 gigawatts at the end of 2026 to closer to 10 gigawatts by the end of 2027. Musk told investors last week that the target is closer to 10GW than 5GW. SpaceX acquired Cursor for $60 billion this week. Nvidia had invested in Cursor before the acquisition.
Investor Stakes
Google owns roughly 7 percent of SpaceX, according to FactSet data. Google originally invested $900 million in 2015. In July, Google told investors its stake was valued at about $94 billion. SpaceX’s IPO produced returns for early backers.
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Nvidia discloses $21 billion stake in SpaceX
