Major holdings—Nvidia and SpaceX are deeply intertwined🔥
Nvidia has filed with the SEC, disclosing that as of the end of June it held about 123 million shares of SpaceX. The book value is $21.0 billion, but due to a pullback in the share price, the current valuation has shrunk to $17.0 billion.
This stake originated from Nvidia’s investment in xAI in January this year. Later, xAI was merged into SpaceX, and the equity was completed via a share-swap.
Musk officially announced the construction of a new data center for SpaceX, with the Vera Rubin architecture adopted across the board. The expansion target is set: by the end of 2027, the compute capacity will be pushed to a scale of 10GW.
It’s not just SpaceX—Nvidia has also made big bets on the compute-power race, investing a cumulative total of more than $100 billion into AI infrastructure companies such as CoreWeave and Thinking Machines. On one hand, it provides hardware; on the other, it takes equity stakes—tying chip supply and compute rental firmly into a single chain.
The advantages of this model are obvious: orders are secured. The risks, however, are equally hard to ignore. If downstream compute providers massively expand but AI demand falls short of expectations, large numbers of idle data centers could trigger a chain of pressures, putting both equity value and hardware sales under strain. SpaceX’s trillion-dollar compute plan will consume enormous capital expenditures. If the expansion pace slows, uncertainties will ripple across the entire cooperation chain.
When big players hold stakes in one another and form a tightly knit group, they build a moat in compute power. But on the road of high-investment expansion, there is no guaranteed “sure-win” script.
The information is for objective整理 only and does not constitute any investment advice. Technology stocks can be highly volatile—please avoid chasing highs.
#美股超话 #英伟达 #SpaceX $NVDAB $SPCXB
Nvidia has filed with the SEC, disclosing that as of the end of June it held about 123 million shares of SpaceX. The book value is $21.0 billion, but due to a pullback in the share price, the current valuation has shrunk to $17.0 billion.
This stake originated from Nvidia’s investment in xAI in January this year. Later, xAI was merged into SpaceX, and the equity was completed via a share-swap.
Musk officially announced the construction of a new data center for SpaceX, with the Vera Rubin architecture adopted across the board. The expansion target is set: by the end of 2027, the compute capacity will be pushed to a scale of 10GW.
It’s not just SpaceX—Nvidia has also made big bets on the compute-power race, investing a cumulative total of more than $100 billion into AI infrastructure companies such as CoreWeave and Thinking Machines. On one hand, it provides hardware; on the other, it takes equity stakes—tying chip supply and compute rental firmly into a single chain.
The advantages of this model are obvious: orders are secured. The risks, however, are equally hard to ignore. If downstream compute providers massively expand but AI demand falls short of expectations, large numbers of idle data centers could trigger a chain of pressures, putting both equity value and hardware sales under strain. SpaceX’s trillion-dollar compute plan will consume enormous capital expenditures. If the expansion pace slows, uncertainties will ripple across the entire cooperation chain.
When big players hold stakes in one another and form a tightly knit group, they build a moat in compute power. But on the road of high-investment expansion, there is no guaranteed “sure-win” script.
The information is for objective整理 only and does not constitute any investment advice. Technology stocks can be highly volatile—please avoid chasing highs.
#美股超话 #英伟达 #SpaceX $NVDAB $SPCXB