Nvidia Discloses $21 Billion SpaceX Stake And $30 Billion In Intel Shares (startupfortune.com)

Nvidia's latest disclosure is bigger than a pair of stock positions. It shows how far the chipmaker has moved from selling AI hardware into financing the companies that buy it. Nvidia has disclosed nearly 123 million shares in SpaceX, valued at about $21 billion as of June 30, according to the Financial Times. That is not a normal footnote for a chip company. It is a stake in Elon Musk's rocket and AI business, sitting beside an Intel position that was worth about $30 billion at the same quarter-end mark. Follow the money. Nvidia is no longer just the company selling H100s, Blackwell systems and the coming Vera Rubin architecture to anyone trying to stay in the AI race. It is also using its balance sheet to sit inside the same companies that need those chips most. If you own Nvidia for GPU demand alone, you're now also exposed to a web of customers, partners and strategic bets that stretches from Intel's x86 business to SpaceX's plan to turn compute into a central part of its future. The SpaceX stake came through xAI The SpaceX holding did not start as a straight purchase of rocket-company stock. xAI said on January...