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At the end of August, Nvidia disclosed its second-quarter results and its 13F filing, revealing a significant holding in Space Exploration Technologies Corp. (SpaceX). The filing indicated that Nvidia owns approximately 122.8 million shares of SpaceX, making it the company's second-largest investment. This stake is valued at around $18 billion, surpassed only by Nvidia's investment in Intel, while CoreWeave trails behind in the ranking. Investors are curious about Nvidia CEO Jensen Huang's substantial bet on Elon Musk's venture. An intriguing aspect of this investment is its connection to Nvidia's prior involvement with XAI, an artificial intelligence entity that was absorbed into SpaceX. The rebranded unit, now known as XSI, focuses on super intelligence, aligning well with Nvidia's strategic interests in AI. SpaceX has rapidly evolved to generate a significant portion of its revenues from AI-related initiatives. In its third quarter, the company reported a staggering 161% year-over-year revenue increase, totaling $14.6 billion. A remarkable 830% year-over-year growth in the super intelligence segment alone contributed $7.56 billion to this figure, indicating its central role in the company's expansion efforts. The connectivity and space segments also performed well, generating $5.25 billion and $1.77 billion, respectively. Nvidia's strategy typically involves investing in...
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