SpaceX becomes Nvidia's 2nd largest holding at $21 billion in Q2

Nvidia owns nearly 123 million SpaceX shares, which were worth about $21 billion at the end of June quarter, according to an SEC filing. The stake made SpaceX Nvidia's second-largest individual corporate holding, though the value of the shares has fallen to around $17 billion following SpaceX's June IPO. Nvidia previously backed Elon Musk's xAI before its merger with SpaceX.