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00:02NVIDIA disclosed that its stake in Elon Musk's SpaceX was worth about $21 billion at the end
00:08of the second quarter, according to CNBC. The chipmaker owns 122.8 million Class A shares in
00:16SpaceX, which went public in June. With SpaceX shares closing at $140 Friday, NVIDIA's stake
00:23is now worth about $17.2 billion. SpaceX is NVIDIA's second largest holding behind Intel,
00:31currently worth about $22 billion. NVIDIA received the SpaceX shares through its $10 billion investment
00:38in Musk's XAI, which SpaceX acquired in February. Musk said on SpaceX's second quarter earnings call
00:45earlier this month that SpaceX will exclusively use NVIDIA chips in its AI data centers, citing the
00:51company's GPU architecture for AI training and inference. The aerospace company expects to
00:57receive an allocation of NVIDIA's Vera Rubin GPUs next year. For all things money, visit Benzinga.com.
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