Nvidia reportedly disclosed ownership of 122.8 million Class A shares in SpaceX, a position that would have been worth approximately $16.6 billion at the IPO price of $135 per share. SpaceX’s IPO took place on June 12, 2026, and shares have since declined amid insider share unlocks and investor concerns over the company’s massive capital expenditure requirements. Elon Musk announced during an earnings call that all future SpaceX AI services will run exclusively on Nvidia hardware. Nvidia’s stock climbed over 4% on August 5, 2026 following the announcement of these exclusive chip commitments.
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