By Alex Sirois
Publication Date: 2026-10-09 11:15:00
When one of the world’s most aggressive builders reportedly moves to borrow billions just to secure a single supplier’s hardware, it raises a question worth sitting with: what do they know that the rest of us are still catching up…
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My NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) position grew again this week. My reason showed up Wednesday night, when reports said SpaceX wants to raise $40 billion in debt “to buy more Nvidia chips.” The report is still unconfirmed. Still, when one of the most aggressive builders on the planet talks about borrowing against its future to buy what Nvidia sells, I’m comfortable buying more.
My thesis is simple. Every serious AI builder needs Nvidia’s full stack, and now they are borrowing to get it. SpaceX AI already ranks among the lead partners receiving Vera CPU shipments, alongside OCI and AWS. A $40 billion loan aimed at Nvidia hardware tells me that customer wants far more.
Three Data Points Behind Every Purchase
First, growth keeps speeding up. Revenue for Nvidia’s fiscal second quarter hit $96.22 billion, up 105.8% from a year earlier, and Data Center revenue rose 117% to $89.02 billion. Guidance for this quarter calls for $108.0 billion. Management expects growth of about 70% in fiscal 2028, and it says real demand runs “much higher” than what supply can cover.
Second, each new…
