Nvidia reportedly holds 122.8 million Class A shares in SpaceX after June IPO

Nvidia has reportedly disclosed ownership of 122.8 million Class A shares in SpaceX, a position that, if confirmed at recent trading levels, would represent a multi-billion-dollar bet on Elon Musk’s aerospace and AI infrastructure company. The reported stake comes months after SpaceX went public on June 12, 2026, pricing its IPO at $135 per share. At that valuation, a 122.8 million share position would have been worth roughly $16.6B at the offering price, though SpaceX shares have drifted lower since the listing amid share unlock events and concerns about capital expenditure. A partnership that runs deeper than equity Whether or not the precise share count holds up to scrutiny, the commercial relationship between Nvidia and SpaceX is very much real and very much accelerating. Elon Musk announced during a recent earnings call that all future AI services from SpaceX will run exclusively on Nvidia hardware. Nvidia’s stock climbed over 4% on August 5, 2026, following announcements about SpaceX’s exclusive chip commitments. SpaceX’s infrastructure grids, which power everything from satellite communications to AI-driven operations, rely heavily on Nvidia’s GPU architecture. SpaceX’s post...