Nvidia's 13F, filed after Friday's close, shows 122.76 million SpaceX shares worth $21.0 billion on June 30. SPCX has fallen about 17% since, so the same position is nearer $17.3 billion today, and Nvidia's two biggest equity holdings are now both companies it does business with.
Read the full story: Nvidia's $21B SpaceX stake is already worth $17B →
Transcript
Nvidia filed its holdings with the SEC on Friday, and the headline number everywhere is twenty one billion dollars of SpaceX. Here's the part nobody's saying. That number is a photograph of June thirtieth. SpaceX shares were about a hundred and seventy one dollars then. They closed Friday at a hundred and forty one. So the same hundred and twenty two million shares are worth closer to seventeen point three billion right now. Alphabet's ninety four billion is really seventy eight. Add AMD and about twenty billion dollars of paper value has quietly evaporated in six weeks. And look at what Nvidia actually owns. Intel, thirty billion. SpaceX, twenty one. Both of them customers or partners. It funds them, then sells them chips. Nothing hidden about it. It just makes demand a lot harder to read.