Nvidia's stake in SpaceX, valued at roughly $350 billion after a secondary sale, emerged from a 2022 funding round. The chipmaker also supplies autonomous systems hardware to the aerospace sector.
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Nvidia Corp. holds a stake in SpaceX. The position, disclosed in a regulatory filing late Tuesday, traces back to a funding round in 2022 that valued Elon Musk's rocket company at roughly $125 billion. Nvidia's investment was part of a $1.25 billion financing round that also included Andreessen Horowitz and Fidelity, according to the filing with the Federal Communications Commission.
The disclosure surfaced in a routine FCC application for SpaceX's Starlink satellite internet service. Nvidia's exact ownership percentage is not public. The chipmaker's involvement in the round was known to some venture capital firms at the time, the filing said, but had not been reported.
SpaceX is privately held. Its latest valuation, after a secondary share sale in December 2024, reached about $350 billion, people familiar with the matter said. That would put Nvidia's stake at roughly three times its entry price, assuming no dilution.
The investment sits alongside Nvidia's core semiconductor business, where it dominates the market for AI training chips. The company's data-center revenue hit $47.5 billion in the fiscal year ended January 2025, up 120% from the prior year. Its market capitalization has topped $2 trillion.
SpaceX operates the Starlink satellite constellation, which now has more than 7,000 active satellites in low-Earth orbit. The service has roughly 4 million subscribers globally, the company said in March. Revenue from Starlink reached $8.3 billion in 2024, up 45% from the prior year, according to financial statements reviewed by Bloomberg.
The FCC filing also disclosed that SpaceX had secured contracts worth $2.1 billion with the U.S. Department of Defense for Starshield, a military version of Starlink. The contracts cover satellite communications and related services through 2028.
Nvidia's investment in SpaceX aligns with its broader push into aerospace. The company supplies chips for autonomous systems, including satellites and drones, through its Jetson and Orin product lines. Nvidia's automotive and robotics revenue, which includes aerospace customers, was $1.2 billion in fiscal 2025, up 35%.
SpaceX's next major milestone is the fifth integrated test flight of its Starship rocket, which the company has said could occur in May or June pending regulatory approval from the Federal Aviation Administration. Starship is designed to carry cargo and crew to the moon and Mars. The vehicle has completed four test flights to date, with the most recent in March achieving a controlled splashdown in the Indian Ocean.
The broader space economy is projected to reach $1.8 trillion by 2035, up from $630 billion in 2023, according to a report by McKinsey & Co. Satellite broadband, launch services, and in-space manufacturing are expected to be the largest segments.
Nvidia's disclosure comes as the U.S. government reviews foreign investment in space-related companies. The Committee on Foreign Investment in the United States (CFIUS) has increased scrutiny of deals involving satellite and launch technologies, particularly those with ties to China.
Nvidia declined to comment on the filing. SpaceX did not respond to a request for comment.
The FCC application was filed on April 25 and posted to the agency's public database Tuesday. It lists Nvidia as a "financial investor" in SpaceX's Starlink business.
Nvidia shares were little changed Wednesday, trading near $216. The stock is down roughly 15% from its all-time high in March.
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