NVIDIA acquired a stake in SpaceX through its $10 billion investment in xAI in January, which was followed by SpaceX's full acquisition of xAI in February. Although SpaceX's AI division saw revenue grow by 247% to $2.56 billion in Q2, it still recorded an operating loss of $1.26 billion. Analysts believe that this $20 billion investment represents only a tiny fraction of NVIDIA's $5 trillion market capitalization and is unlikely to change investors' perception of NVIDIA stock.