Space Exploration Technologies Corp. (NASDAQ:SPCX) is going all-in on Nvidia Corp. (NASDAQ:NVDA), and for CNBC's Jim Cramer, the announcement reinforces his long-standing bullish thesis.
Earlier this year, Elon Musk had indicated that his companies, SpaceX and Tesla (NASDAQ:TSLA), would use both AMD and Nvidia chips. The move to an Nvidia-exclusive strategy underscores Nvidia's continued dominance in AI accelerators, even as rivals have won major customers and attempted to gain share.
"SpaceX has committed to using Nvidia GPUs exclusively because they are the best," Musk posted on X. And Cramer quickly reposted the comment with a five-word response: "and there it is."
Cramer has been one of the most consistently bullish mainstream commentators on Nvidia over the past several years.
JPMorgan Sees a Deepening SpaceX-Nvidia Partnership
The exchange came just as JPMorgan highlighted Nvidia's growing role in SpaceX's AI expansion. The bank said SpaceX has decided to exclusively deploy Nvidia's Vera Rubin GPUs across its data centers and expects to receive a "very significant percentage" of Nvidia's GPU shipments in 2027.
JPMorgan said the move supports SpaceX's plans to rapidly scale AI compute capacity from more than 2 gigawatts by the end of 2026 to between 5 and 10 gigawatts by the end of 2027. The firm added that SpaceX will also use Nvidia's Vera Rubin architecture in its planned Starmind AI satellites, further deepening the partnership.
For Nvidia investors, Musk's endorsement wasn't just another vote of confidence—it reinforced JPMorgan's view that one of AI's fastest-growing infrastructure companies is becoming one of the chipmaker's largest customers.
