Nvidia Puts $63B Portfolio to Work via Stakes in xAI and SpaceX
Nvidia GPUs dominate AI-accelerated data centers and are paired with Intel CPUs in a focused hardware collaboration. Nvidia also invested $10 billion in xAI in January, which later translated into 122,764,805 SpaceX shares after SpaceX’s all-stock acquisition announcement; the stake was worth about $21 billion by June 30. Nvidia’s xAI push supports rapid GPU deployment, but SpaceX is losing money and burning capital while scaling Starship and data centers.