Hong Kong News Network, August 16 — On August 14, local time,U.S. chip giantNVIDIA toThe U.S. Securities and Exchange Commission (SEC) has filed regulatory documents showing that, as of the end of the second quarter of this year, the company held approximately 122.8 million Class A shares of SpaceX owned by Elon Musk, with a market value of about $21 billion, making it SpaceX’s sixth-largest investor. This marks the first time NVIDIA has publicly disclosed the aforementioned position.

An archival photo shows NVIDIA CEO Jensen Huang. Photo provided by China News Service, Hong Kong.

According to data from financial data firm FactSet, as of the end of the second quarter, Musk’s holdings are worth approximately $850 billion on paper. NVIDIA’s $21 billion equity stake is the company’s second-largest, trailing only Intel.

However, due to the recent pullback in SpaceX’s stock price, the market value of Nvidia’s position has declined. SpaceX’s stock closed at $140 on August 14, down from $170.86 at the end of June, bringing NVIDIA’s market capitalization to approximately $17.2 billion.

According to CNBC, NVIDIA’s stake in SpaceX was not acquired through a direct purchase but rather stems from its $10 billion investment in Musk’s AI company xAI this January. In February this year, SpaceX acquired xAI through a stock swap, with the combined entity valued at $1.25 trillion. NVIDIA’s stake in xAI has been converted into SpaceX equity.

This move comes as the strategic partnership between the two companies grows increasingly close. Earlier this month, during SpaceX’s second-quarter earnings call, Musk announced that the company would exclusively use NVIDIA chips in its AI data center, claiming that NVIDIA’s GPUs have “the most suitable architecture for AI training and inference.” Musk also revealed that SpaceX expects to secure a “substantial allocation” of NVIDIA’s next-generation Vera Rubin graphics cards next year.

In addition, Harvard Management Company, the investment management arm of Harvard University, recently disclosed in regulatory filings that its SpaceX stock is valued at approximately $2.2 billion. Harvard Management currently holds a U.S. equity portfolio valued at approximately $4.3 billion, which means that SpaceX alone accounts for more than 51% of this portfolio. According to the latest publicly available data, as of June 2025, Harvard’s assets under management amount to approximately US$57 billion.

Public information indicates that Harvard Management Company was established in 1974. It is a professional investment management firm wholly owned by Harvard University, responsible for the operation and management of the university’s endowment fund and related financial assets.

In addition, documents from investment entities affiliated with the University of California indicate that the university holds approximately $1 billion worth of SpaceX stock; the University of North Carolina and Washington University in St. Louis also hold investments in the company.

SpaceX officially listed on the Nasdaq on June 12 this year, with the stock ticker SPCX. It issued 556 million shares of Class A common stock at an offering price of $135 per share, raising approximately $7.5 billion and becoming the largest initial public offering (IPO) in U.S. stock market history. On its first day of trading, SpaceX’s stock opened significantly higher and closed above $2.1 trillion before entering a period of consolidation. In early August, as the first round of share lockups expired and market sentiment stabilized, the stock price rebounded above $135, closing at $140 on August 14 and pushing the company’s market capitalization to $1.85 trillion. (End)