StocksMedium•6 October 2026•
1 min read
SpaceX Plans $40 Billion Funding Round for Nvidia Chip Procurement
Key Facts
1SpaceX is reportedly seeking to raise $40 billion in funding specifically to purchase chips from Nvidia.
SpaceX is reportedly seeking to raise $40 billion in funding specifically to purchase chips from Nvidia. The Financial Times reported that the capital injection is intended to scale SpaceX's computing capabilities and AI infrastructure through high-end hardware acquisition.
NVDA closed at $240.155 on October 6, 2026, while SPCX closed at $171.09 on October 5, 2026. Within the semiconductor peer group, TSM closed at $483.3 on October 6, 2026, while AMD and INTC closed at $631.75 and $116.19 respectively on October 5, 2026.