By Natasha Abellard
Publication Date: 2026-10-07 20:24:00
SpaceX is lending more support to the bull case on Nvidia, according to Jim Cramer. The Elon Musk-led rocket and AI company is looking to raise $40 billion to buy more Nvidia chips. In a story first reported by the Financial Times and later confirmed by CNBC, Apollo Global Management and a consortium of other banks are in early talks about helping finance the deal. CNBC sources said there was no timeline on when it would close. The FT said the deal could include $10 billion in bank loans and an additional $30 billion in investment-grade debt. Back in June, SpaceX also raised $25 billion in a debt sale to fund its AI ambitions, which includes renting out compute to customers such as Anthropic and Alphabet’s Google. It came less than two weeks after its record initial public offering. During Wednesday’s Morning Meeting , Jim Cramer said he is excited about SpaceX’s efforts to secure more capital for Nvidia’s chips. “The more Nvidia [that SpaceX] buys, the more money it makes.” Jim added, “Musk is doing what [Nvidia CEO Jensen Huang] outlined, which is to say, ‘Buy our compute and then lend it, and you’ll make a fortune.” Musk’s message is clear, Jim continued. “The most powerful person in the world saying, ‘You know what? If you want to make money, buy Nvidia chips.'” Jim’s comments on Wednesday call back to one of his big takeaways from Nvidia’s August earnings report: the demand for Nvidia’s chips is so strong because customers are finding it profitable to invest in…
