- Alphabet, Nvidia and AMD hold $115.5B in SpaceX stock, exposing AI’s circular investment loop
- Nvidia’s SpaceX stake could pay off as Musk bets on GPUs for orbital data centers and xAI compute
- Google’s $920M monthly SpaceX GPU deal deepens the cloud, AI and satellite data center money web
Top top tech companies Alphabet, Nvidia and AMD hold a collective $115.5 billion in SpaceX stock, new regulatory filings show. The disclosures highlight the close-knit web of relationships fueling the AI economy.
Alphabet leads the pack with holdings worth a total of $94 billion, while Nvidia holds 122.8 million shares worth another $21 billion worth of SpaceX stock. AMD, meanwhile, holds more than 3.3 million shares of SpaceX stock worth $565.5 million. All values were listed as of the time of filing.
Amazon does not appear to own any SpaceX stock, according to its latest filing. Neither Microsoft nor Oracle has filed a recent form 13F, which is what companies use to disclose their investments above a certain threshold.
The regulatory filings reflect increasingly close ties between AI, cloud and compute giants. Nvidia’s shares seemingly stem from a hefty investment it made in SpaceX’s xAI subsidiary earlier this year. But the relationship doesn’t stop there. SpaceX said earlier this month it plans to put Nvidia GPUs and CPUs in each of the satellites in its Starmind constellation, an arrangement that would undoubtedly be lucrative for Nvidia.
Starmind has been pitched as a way to put data center compute in space, with the proposal calling for up to 1 million satellites.
Nvidia could benefit even further. SpaceX CEO Elon Musk added on an earnings call that the company plans to “exclusively” build its compute infrastructure on Nvidia hardware. He did not limit that statement to its data center satellite ambitions.
Alphabet subsidiary Google, meanwhile, recently inked a deal to pay SpaceX $920 million per month for access to 110,000 Nvidia GPUs, CPUs and memory.
AMD likely bought its SpaceX shares well before Musk announced that he only has eyes for Nvidia. While the shift means AMD won’t be getting chip deals, analysts noted the shares mean AMD can still benefit financially from SpaceX’s successes, should it have them.
What other shares do Nvidia and Alphabet own?
The filings also contained some other interesting tidbits. Nvidia, for instance, owns 166 million shares of Nokia stock valued at around $2.2 billion. It also has 214.8 million shared of Intel stock valued at nearly $30 billion. Other Nvidia investments include positions in CoreWeave, Coherent Corp and Nebius.
Alphabet holdings include ARM and AST SpaceMobile, with those valued at $695 million and $794 million, respectively. AMD also has stock in Nutanix and Cerebras Systems worth $210 million and $175 million, respectively.
Read more about SpaceX here:
Opinion: SpaceX’s satellite data center plan is unhinged
Analysts question whether SpaceX’s mobile mission will lift off
Elon Musk’s mobile moonshot still needs grounding
SpaceX shares big plans for global broadband