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A 13F filing revealed that Nvidia owned 122.7 million shares of SpaceX as of the end of Q2. The position has an equity value of approximately $21 billion and represents the company's second largest stock holding after Intel.
The investment aims to establish a new hyperscale AI competitor and reduce customer concentration risk. The move is coordinated with a $500 billion infrastructure financing platform to support a market for AI infrastructure that CEO Jensen Huang projects will reach $3 trillion to $4 trillion annually by the end of the decade.
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