Nvidia · SpaceX · Elon Musk · Intel · CNBC Technology
Nvidia shares $21 billion stake in SpaceX at end of second quarter
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Nvidia disclosed on Friday that its stake in Elon Musk's SpaceX was worth about $21 billion at the end of the second quarter.
Key facts
- 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
- Nvidia disclosed on Friday that its stake in Elon Musk's SpaceX was worth about $21 billion at the end of the second quarter
- Musk is by far the largest owner with a stake worth about $850 billion
Summary
The chipmaker said 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. Nvidia is the sixth biggest investor in SpaceX, based on data from FactSet.