AI Fund Flows

Nvidia ↔ xAI: every deal

All 3 deals between Nvidia and xAI: $2B in total since Oct 8, 2025, with dates, status and sources. Updated Nov 9, 2026.

Nvidia → xAI
$2B
xAI → Nvidia
$0M
Jan 6, 2026Investmentclosedn/a
Nvidia → xAI · stake undisclosed (up to $2 billion per Bloomberg); total round $20 billion

xAI closes $20 billion (target $15 billion) to expand Colossus, with Nvidia and Cisco as strategic investors. After the SpaceX-xAI merger (02/02/2026) the stake became 122.8 million SpaceX shares, about $21 billion in June 2026.

Oct 8, 2025Investmentreported$2B
Nvidia → xAI · up to $2 billion of equity in the SPV

Nvidia puts up to $2 billion of equity into the $20 billion vehicle that buys its GPUs and leases them to xAI: the money flows back to Nvidia as chip sales.

Oct 8, 2025Chips & hardwarereportedn/a
xAI → Nvidia · ~$20 billion vehicle ($7.5 billion equity + $12.5 billion debt)

Bloomberg: a dedicated vehicle buys Nvidia GPUs for Colossus 2 and leases them to xAI for 5 years; Nvidia puts up to $2 billion into the equity portion.