Nvidia Discloses $21 Billion Stake in SpaceX
Nvidia revealed it owns a stake in SpaceX. The stake is worth about $21 billion.
It came from Nvidia's earlier investment in xAI. It was not a new purchase.
The disclosure came after Elon Musk made an announcement. Musk announced an exclusive deal for SpaceX's data centers.
Under the deal SpaceX will only use Nvidia AI chips. This applies to all of its data centers.
Klear Note — Nvidia's SpaceX stake came indirectly through xAI, not a new purchase. The deal requires SpaceX to use Nvidia chips in every data center.
Key Terms 4
- stake Partial ownership share in a company.
- xAI An artificial intelligence company founded by Elon Musk.
- SpaceX Elon Musk's rocket and space technology company.
- Nvidia A major company that makes AI computer chips.