By TradingView
Publication Date: 2026-10-08 03:18:00
Shares of Space Exploration Technologies Corp (SPCX) climbed 0.5% overnight heading into Thursday, as CNBC host Jim Cramer said that Elon Musk’s company could become Nvidia’s largest customer, while Yorkville Ives analyst Dan Ives backed a reported $40 billion financing plan to expand its AI computing business.
SPCX stock fell nearly 3% on Wednesday to $167.6, snapping three straight sessions of gains.
SpaceX Could Become Nvidia’s Biggest Client
“SpaceX could end up being Nvidia’s largest client at this pace. That’s fantastic news for both sides,” Cramer said Wednesday on CNBC’s “Mad Money.” He argued that buying additional chips could allow SpaceX to expand a computing business already serving customers including Alphabet’s Google and Anthropic. “Why not [do it]? Musk can immediately monetize these chips,” he said.
On Wednesday, after the Financial Times reported that SpaceX was seeking $40 billion in debt financing to buy Nvidia chips for its AI data centers, Cramer said on X that the company could soon generate $3 billion to $4 billion a month by renting out computing capacity.
Cramer also pointed to Goldman Sachs’ decision to raise its SpaceX price target to $230 from $220, while maintaining a ‘Buy’ rating. The new target implies a 37% upside from Wednesday’s close and exceeds the stock’s June record high of $225.64. “The $10 bump from $220 to $230 ratified their previous $220 figure,” he said, arguing that the increase boosted…
