Nvidia has committed more than $100 billion to AI companies in the past two years, with sizeable investments in cloud computing start-ups such as CoreWeave and AI labs including Thinking Machines and Safe Superintelligence.

It has also invested in Cursor, the code-editing start-up that SpaceX acquired for $60 billion this week.

This week, Nvidia disclosed plans to put together more than $500 billion from a consortium of investors, including Apollo Global, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR to help finance its customers. Nvidia plans to partially guarantee loans from the Wall Street investors that are backed by the value of its chips.

Nvidia’s largesse has helped accelerate the building of AI infrastructure and binds parts of the industry more tightly to the chipmaker’s technology.

SpaceX is planning to increase its computing capacity from 2 gigawatts at the end of this year to “closer to 10GW [than 5GW]” by the end of 2027, Musk told investors last week.

The rocket maker’s IPO handed huge returns to its early backers. Google owns roughly 7 percent of the rocket maker, according to FactSet data, having originally invested $900 million in 2015. The search giant told investors in July that its stake was valued at about $94 billion.

© 2025 The Financial Times Ltd. All rights reserved. Not to be redistributed, copied, or modified in any way.