Nvidia (NVDA) disclosed a substantial new stake in SpaceX (SPCX) in its latest 13F filing, revealing ownership of roughly 122.76 million SPCX shares as of the end of the second quarter, led by CEO Jensen Huang's investment strategy. The position stems from Nvidia's earlier bet on xAI, which SpaceX absorbed through its February acquisition, ahead of SpaceX's blockbuster Nasdaq debut in June, which raised nearly $85.7 billion, including $10.7 billion from underwriters exercising their options, making it the largest IPO in history.
Beyond SpaceX, Nvidia's portfolio remains heavily concentrated in AI and semiconductor names: it held its Intel (INTC) stake steady at 214.78 million shares, maintained a 166.39 million-share position in Nokia (NOK), and kept smaller holdings in CoreWeave (CRWV), Coherent (COHR), Generate Biomedicines (GENB), Nebius (NBIS), and Synopsys (SNPS), underscoring Nvidia's expanding footprint across the AI supply chain and its deepening financial ties to Elon Musk's space and AI ventures.