Nvidia is quietly building a much bigger portfolio beyond AI chips.
Nvidia has disclosed just how large some of its strategic investments have become, revealing a nearly $21 billion stake in SpaceX and roughly $30 billion invested in Intel as of June 30.
The numbers put a spotlight on how Nvidia is positioning itself across some of the biggest technology stories in the market, from artificial intelligence and data centers to space and advanced computing.
Nvidia’s SpaceX stake comes into focus
Nvidia held about 122.8 million shares of SpaceX as of June 30, according to a regulatory filing.
This is the first time Nvidia has disclosed the value of its SpaceX position since its earlier investment in Elon Musk’s xAI became part of SpaceX.
Nvidia had invested as much as $2 billion in xAI in 2025, through a financing structure involving both equity and debt. The investment was closely tied to xAI’s plans to acquire Nvidia processors for its large-scale computing projects.
With xAI now folded into SpaceX, Nvidia’s exposure has effectively become part of a much larger space and technology story.
A nearly $21 billion position is significant. It shows that Nvidia’s relationship with Musk’s businesses extends well beyond simply supplying AI hardware.
The Intel investment has grown dramatically
The bigger surprise may be Nvidia’s position in Intel.
Nvidia held approximately 214.8 million Intel shares as of June 30, with the investment valued at around $30 billion.
That represents a huge jump from just three months earlier. Regulatory filings put the value of Nvidia’s Intel stake at roughly $9.5 billion at the time.
The investment itself dates back to 2025, when Nvidia agreed to put $5 billion into Intel.
The two companies also announced plans to work together on chips for personal computers and data centers, making the deal an unusual partnership between two long-time rivals in the semiconductor industry.
Why Nvidia and Intel matter together
Nvidia has become one of the central companies in the AI boom, while Intel has been working to strengthen its position in a semiconductor industry that has changed dramatically in recent years.
Nvidia investing in Intel therefore carries more weight than a normal portfolio investment.
It creates a financial link between two major chipmakers while also aligning their interests around future computing demand.
For Nvidia, the strategy could provide exposure to areas where the semiconductor market is evolving, while Intel gets backing from one of the industry’s most powerful companies.
The scale of Nvidia’s current Intel position makes that relationship even more interesting.
Nvidia is building a broader technology portfolio
SpaceX and Intel are not Nvidia’s only investments.
As of June 30, the company also held stakes in:
- Coherent Corp.
- Generate Biomedicines Inc.
- Nebius Group NV
- Nokia Corp.
- Synopsys Inc.
The investments cover different parts of the technology ecosystem, including AI infrastructure, networking, semiconductors and emerging technology.
That suggests Nvidia is not simply focused on selling GPUs and collecting the proceeds.
It is also putting capital into companies that could play important roles in the next phase of computing and AI.
What this means for Nvidia
Nvidia’s core business remains its biggest story, but these investments offer another way to look at the company.
The $21 billion SpaceX stake gives Nvidia exposure to one of the world’s most closely watched private technology and space businesses.
The $30 billion Intel position gives it a substantial financial interest in a major semiconductor company with which it is also collaborating.
Together, they show how Nvidia is extending its reach across the technology landscape.
Nvidia may be known as the company powering the AI boom, but its investment portfolio is becoming a story of its own.
For investors, the bigger question is what these holdings could mean over time. If AI, data centers, advanced chips and space technology continue to attract capital, Nvidia could benefit not only from selling the hardware behind these trends, but also from owning stakes in companies participating in them.
The latest disclosures make one thing clear: Nvidia is playing a much bigger game than chips alone.