Nvidia Hits $243 as SpaceX Seeks Apollo-Led $40B and Cantor Sees $1T Buybacks

• Nvidia (NVDA) stock reached a record intraday high of $243.37 before closing at $239.24
• SpaceX is seeking $40 billion in Apollo-led financing to purchase Nvidia chips, with a reported closing timeline in 2027
• Cantor projects cumulative Nvidia buybacks above $1 trillion through 2030, while Cramer predicts $3–4 billion in monthly SpaceX compute revenue

NVDA stock price touched a record $243.37 on October 6, though much of the day’s advance faded before the close. Investors then had another development to consider. SpaceX is seeking billions in financing to buy the company’s chips, adding to the enormous amount flowing into AI infrastructure. The Nvidia stock price already shows a lot of optimism.

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Nvidia Stock Price Draws Attention as SpaceX Seeks $40B for Chips

SpaceX is seeking about $40 billion in financing led by Apollo Global Management, according to recent reports. The proposed package includes $10 billion in bank loans and $30 billion in investment-grade debt, with a transaction expected to close in 2027.

Pimco is among the potential lenders. The borrowing would fund chip purchases as Musk expands his computing operations.

For SpaceX, Nvidia hardware carries a substantial upfront bill. Debt would allow the company to spread that cost over time without issuing additional shares. The financing remains a proposal. A reported fundraising target does not establish that lenders have committed the money or that Nvidia has booked the entire amount as revenue.

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Cantor’s Buyback Forecast Runs Through 2030

A Cantor Fitzgerald chart shared on X projects approximately $1.116 trillion in cumulative Nvidia stock buybacks through calendar 2030. This would equal roughly 20% of the market capitalization used in the analysis.

The figure includes earlier repurchases alongside future estimates. It should therefore be read as a cumulative forecast rather than $1 trillion in newly approved spending.

Nvidia’s announced program is more concrete. On September 28, the company authorized another $150 billion in repurchases, bringing its remaining authorization to $235 billion. It expects to execute that amount through fiscal 2028.

Cramer Backs the Compute Business

Jim Cramer added to the bullish commentary, predicting that SpaceX could soon earn $3–4 billion a month from leasing computing capacity. That estimate is his expectation, rather than company guidance. It should be noted that the spending plans follow another busy stretch for Nvidia stock.

NVDA stock finished October 6 at $239.24, up just 0.14%, despite reaching its intraday record.

The modest closing gain shows how much enthusiasm is already in the price. SpaceX still needs to secure financing and fill its computing capacity. Nvidia’s stock investors will be watching whether those ambitious customer spending plans translate into orders, cash flow, and further repurchases.

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