NVIDIA (NVDA) now holds $21B in SPCX equity as SpaceX commits exclusively to NVIDIA GPUs, cementing the AI era's defining partnership. Jensen Huang projects AI infrastructure spending to surge from $800 billion today to between $3 trillion and $4 trillion annually by decade's end. The most widely read finance newsletter on Substack isn't published by a bank, it's Doomberg, where 383,000+ readers get the energy and macro analysis the mainstream press misses. 24/7 Wall St. readers save 17% on their first year here.
Over the past two weeks, four separate headlines may look unrelated, but my bet is they're adding up to something much larger. First, Elon Musk committed SpaceX exclusively to NVIDIA GPUs during the company's first conference call on August 4th. Second, Musk set a target of 10 gigawatts of AI compute by the end of 2027.
Third, on August 10, NVIDIA announced financing partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilize over $500 billion of third-party capital. And fourth, NVIDIA disclosed roughly 122.8 million SpaceX shares worth about $21 billion in its Q2 13F filed August 14, 2026. Together, they tell one story: the buildout Jensen Huang calls "the largest infrastructure expansion in human history" now has a defining partnership.
NVIDIA (NASDAQ:NVDA) sells the GPUs, networking, and full-stack software behind essentially every frontier AI model. Data Center revenue reached $75 billion last quarter, up 92% year over year. SpaceX (NASDAQ:SPCX) is the newest hyperscale AI buyer.
Beyond rockets and Starlink, its AI segment (Grok, Colossus II, cloud services) delivered $2.56 billion in Q2 revenue, up 247% year over year, with $15.83 billion of a $18.37 billion single-quarter capex bill directed to AI infrastructure. Here's why those numbers will soon look tiny. On August 4th, Musk spoke of driving SpaceX to 10 gigawatts of computing capacity by the end of 2027, which is up from 1.4 gigawatts today.
The cost of getting SpaceX to 10 gigawatts by the end of 2027? Somewhere around $500 billion. Before Doomberg published a word, its team spent long careers in heavy industry, private equity, and the hard sciences.
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