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FrontRow · Aug 16, 2026

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Nvidia disclosed that its stake in Elon Musk’s SpaceX was worth about $21 billion at the end of the second quarter. The chipmaker said in a filing with the Securities and Exchange Commission that it owns 122.8 million Class A shares in Elon Musk’s rocket maker, which held its public market debut in June. SpaceX’s stock closed at $140 on Friday, down from $170.86 at the end of June, so the value of Nvidia’s shares have declined to about $17.2 billion.It’s Nvidia’s second biggest holding behind its stake in Intel, which is currently worth about $22 billion, down from $30 billion when the quarter ended. That represents a massive return on Nvidia’s $5 billion investment less than a year ago. Nvidia is the sixth biggest investor in SpaceX, based on data from FactSet. Musk is by far the largest owner with a stake worth about $850 billion. Alphabet is second at roughly $78 billion.

Nvidia disclosed that its stake in Elon Musk’s SpaceX was worth about $21 billion at the end of the second quarter. The chipmaker said in a filing with the Securities and Exchange Commission that it owns 122.8 million Class A shares in Elon Musk’s rocket maker, which held its public market debut in June. SpaceX’s stock closed at $140 on Friday, down from $170.86 at the end of June, so the value of Nvidia’s shares have declined to about $17.2 billion.It’s Nvidia’s second biggest holding behind its stake in Intel, which is currently worth about $22 billion, down from $30 billion when the quarter ended. That represents a massive return on Nvidia’s $5 billion investment less than a year ago. Nvidia is the sixth biggest investor in SpaceX, based on data from FactSet. Musk is by far the largest owner with a stake worth about $850 billion. Alphabet is second at roughly $78 billion.

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