Nvidia's $21 Billion SpaceX Stake Was Received, Not Purchased(bloomberg.com)
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- Nvidia disclosed in its 13F filing that it holds 122.8 million shares of SpaceX stock worth about $21 billion as of the end of June.
- This was not purchased but the $10 billion Nvidia invested in xAI in January converted into SpaceX shares through a merger in February and a public listing in June.
- Founders receiving strategic investments should focus less on valuation and more on running the numbers to see how the cap table folds when investors sell or merge.
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