Nvidia's $10B xAI investment became a $21B SpaceX stake after Musk folded the AI startup into his rocket company via an all-stock deal. Musk confirmed SpaceX will build its AI data centers exclusively on Nvidia's Vera Rubin chips, closing the loop on the circular investment strategy. SpaceX and Intel together represent nearly 80% of Nvidia's disclosed stock portfolio, giving shareholders indirect exposure to rockets and legacy chip manufacturing.
It sounds nuts, but SoFi1 is giving new Active Invest users up to $3,000 in stock for a limited time, and all it takes is a $50 deposit to get started.2 See for yourself (Sponsor) Chipmakers used to sell hardware and cash the check. In 2026, they're increasingly bankrolling the customers who buy it. Microsoft (NASDAQ:MSFT) backs OpenAI.
Amazon (NASDAQ:AMZN) backs Anthropic. And Nvidia (NASDAQ:NVDA), the company supplying the picks and shovels for the entire AI gold rush, has quietly become one of the largest shareholders in the companies building the mines. That arrangement raised eyebrows again this week, and the number attached to it is hard to ignore.
Nvidia's filing yesterday disclosed a stake in Elon Musk's SpaceX (NASDAQ:SPCX) worth roughly $21 billion at the end of the second quarter. It's a position that didn't exist a year ago, and it says a lot about how tightly Nvidia has wired itself into the AI infrastructure boom it helped create. Nvidia didn't buy SpaceX stock on the open market.
The position traces back to January, when Nvidia put $10 billion into xAI's $20 billion Series E financing round, joining Valor Equity Partners, the Qatar Investment Authority, and Fidelity as backers of Musk's AI startup. That looked like a straightforward bet on a large language model company. SoFi Active Invest is offering a limited-time promotion.
Open an account, fund it with $50 or more, and you could receive up to $3,000 in complimentary stock for Active Invest accounts. See for yourself by clicking here now. Then, in February, SpaceX acquired xAI in an all-stock deal valued at $1.25 trillion, folding the AI startup into Musk's rocket and satellite business.
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