By Keithen Drury, The Motley Fool
Publication Date: 2026-08-08 11:50:00
In case you missed it, CEO Elon Musk announced major news during the recent Space Exploration Technologies (NASDAQ: SPCX) (better known as SpaceX) earnings conference call. While SpaceX had some exciting news about its own business, I’m more concerned with what Musk said about Nvidia (NASDAQ: NVDA).
Musk had some very complimentary words about Nvidia’s products, and a SpaceX partnership is already in the making. But what does that mean for Nvidia’s stock? Let’s take a look.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
Elon Musk gave a shining endorsement of Nvidia’s products
During the conference call, Musk stated that Nvidia makes the “best AI computer” and noted that SpaceX will exclusively be using Nvidia’s new Vera Rubin architecture by the end of the year. Musk’s technical prowess is well known, and an endorsement like that gives Nvidia investors all the confidence they need that it is still at the top of the AI computing food chain despite many rising competitors.
SpaceX also has a vision of launching data centers into space and performing computing there. This vision is lofty and expensive, but could make sense from a…
