SpaceX Plans $40B Funding for Nvidia Chips Amid Hormuz Tensions

Key Facts

1SpaceX is planning a $40 billion funding round specifically for the procurement of Nvidia chips.

2Iran has stepped up attacks in the Strait of Hormuz, escalating regional geopolitical risks.

SpaceX is planning a $40 billion funding round specifically for the procurement of Nvidia chips. Bloomberg reported that the capital is intended to finance the company's massive infrastructure needs for AI and satellite capabilities. Simultaneously, Iran has stepped up attacks in the Strait of Hormuz, escalating regional geopolitical risks according to Bloomberg reports.

Nvidia (NVDA) closed at $239.24 on October 6, 2026, while SPCX closed at $171.92 on the same date. Within the semiconductor peer group, AMD closed at $649.42 and TSM at $482.30 on October 6, 2026. The massive procurement plan reflects continued growth in AI infrastructure demand, even as geopolitical instability in key trade routes introduces broader market volatility.