Jim Cramer on Tuesday said that Elon Musk’s Space Exploration Technologies Corp. (NASDAQ:SPCX) could soon generate billions of dollars each month from renting AI computing capacity, as the company reportedly seeks $40 billion to buy more Nvidia Corp. (NASDAQ:NVDA) chips.
Cramer Sees Billions In Compute Revenue
"The rollercoaster that is the intra-day trading of Nvidia will see another turn with FT.com saying tonight that SpaceX wants to raise $40b to buy NVDA chips," Cramer wrote on X. "It’s going to be making $3-4billion a month soon for lending out compute!!"
Cramer made a similar argument on Mad Money, saying SpaceX could start generating more than $3 billion monthly, potentially approaching $4 billion, from computing capacity. He stressed that SpaceX’s detailed financial numbers remain private.
SpaceX Seeks Massive Nvidia Chip Financing
The Financial Times reported on Tuesday that SpaceX is seeking about $10 billion in bank loans and $30 billion in investment-grade debt, with Apollo Global Management expected to lead the financing and Pimco among prospective lenders. The transaction is expected to close in 2027.
The financing would deepen a commitment Musk has already made to Nvidia. SpaceX has decided to build its future compute infrastructure exclusively around Nvidia, with Musk favoring the chipmaker’s Vera Rubin architecture as the company scales its data centers.
Vera Rubin Anchors SpaceX Compute Expansion
Nvidia itself has positioned Vera Rubin as a higher-value AI infrastructure platform. On its August earnings call, the company said its revenue opportunity per gigawatt has risen from roughly $18 billion with Hopper to $25 billion with Blackwell and $40 billion with Vera Rubin.
SpaceX is also increasingly monetizing excess AI capacity. The Information reported that Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google agreed to pay about $920 million per month for access to roughly 110,000 Nvidia GPUs and related infrastructure, while Anthropic agreed to about $1.25 billion monthly for access to 325,000 GPUs.
Those contracts help explain Cramer’s bullish compute-rental thesis, though his $3 billion-to-$4 billion monthly figure remains a forecast rather than a disclosed SpaceX run rate.
The reported $40 billion financing also comes as Nvidia and major financial firms, including Apollo, build platforms designed to mobilize more than $500 billion for AI infrastructure. SpaceX has already emerged as one of Nvidia’s biggest prospective compute customers, reinforcing the scale of Musk’s AI expansion.
Price Action: SPCX shares were trading 1.15% lower at $169.94 in extended trading on Tuesday, according to Benzinga Pro.
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