Nvidia Now Sees SpaceX As 5% Of Its Revenue

SPCX closed at $140.87 on August 27, 2026, up 0.89% from the prior session's $139.63 close, on volume of 50,487,232 shares.

Executive Summary

SPCX traded in a $138.60-$142.06 range on August 27 and finished the session higher for a second straight day, closing at $140.8738 versus Thursday's $139.63. The stock remains well above its $135.00 IPO offer price but well below its June 12 IPO-day close of $160.95 and its June 16 peak close of $201.80, reflecting the sharp post-IPO drawdown and subsequent stabilization that has defined SPCX's first several months as a public company. News flow on the day was mixed and largely indirect: a Motley Fool piece framed SpaceX as the "wiser" long-term pick against Archer Aviation despite both companies posting losses, while a separate Motley Fool article noted SPCX trading near $140 against a Wall Street average price target above $232, with estimates ranging from $75 to $450 — a spread the article itself calls out as wide. Other headlines covered Elon Musk's and other tech executives' scheduled appearances at a G20 tech meeting, a Reuters report on cybercriminals reportedly misusing a SpaceX-linked AI coding tool, and commentary tying SpaceX to a rising share of Nvidia's revenue via Gene Munster. None of these items included company-confirmed financial figures beyond what is cited above.

News

1. Archer Aviation vs. Space Exploration Technologies: Which High Flying Stock Is a Better Buy in 2026?

Archer Aviation and SpaceX represent two different aerospace plays with vastly different maturity levels. Archer is pre-commercial with $300K revenue and $618M losses, pursuing FAA certification for eVTOL aircraft. SpaceX generates $18.7B in revenue but reported a $5B net loss in FY2025 due to massive capital requirements. The article concludes SpaceX is the wiser long-term choice despite both companies' negative cash flows, citing SpaceX's established Starlink business and market support versus Archer's high valuation multiples and regulatory uncertainties. (The Motley Fool, Aug 27, 3:37 PM ET)

2. Nvidia's Unusual Move Answers AI Trade’s Key Question; $40 Trillion US Debt Bomb Ticks; Key Fed Speech Awaited

Nvidia’s Unusual Move

Please click here for an enlarged chart of NVIDIA Corp (NASDAQ:NVDA).

Note the following:

The chart shows that NVDA gapped up above the low band of Zone 1 (resistance).

RSI on the (Benzinga, Aug 27, 1:00 PM ET)

3. Musk, Altman, Huang All Set to Speak at US-Hosted G20 Tech Meeting

Elon Musk, Sam Altman and Jensen Huang will attend a tech-focused G20 meeting in North Carolina next week. (Benzinga, Aug 27, 12:02 PM ET)

4. 'SpaceX’s Musk, David Sacks to Join Altman, Huang at G20 Event' - Bloomberg News

(Benzinga, Aug 27, 9:25 AM ET)

5. Would You Let Elon Musk’s Grok Bot Control Your Bank Account? Elon Musk Says He’ll Cover You If the AI Messes Up (UPDATED)

Elon Musk promotes Grok Bot, offering a popular X account user to cover financial losses if the AI makes a mistake. (Benzinga, Aug 27, 9:08 AM ET)

6. Dell Beat Last Quarter's EPS Estimate by 65% — Can It Repeat That Next Time?

Dell Technologies shares are in focus Thursday with earnings due, analyst activity, 200‑day average nearly 95% above trend and Edge Rankings. (Benzinga, Aug 27, 8:14 AM ET)

7. Elon Musk May Be Quietly Becoming One of Nvidia’s Biggest Customers—Gene Munster Says SpaceX Accounts for 5% of NVDA Revenue (UPDATED)

SpaceX now accounts for 5% of Nvidia's revenue, up from 3%, with Deepwater Asset Management’s Gene Munster estimating $4.8B in sales. (Benzinga, Aug 27, 8:10 AM ET)

8. Russian-Speaking Cybercriminals Used SpaceX’s Cursor AI Tool To Hack Seven Companies - Reuters Exclusive

(Benzinga, Aug 27, 6:07 AM ET)

Price Action

Metric	Value
Open	$139.95
High	$142.06
Low	$138.60
Close	$140.8738
Change vs prior close	+0.89% ($139.63 to $140.8738)
Volume	50,487,232
Intraday range	$138.60 - $142.06 ($3.46)
Close vs IPO offer price ($135.00)	+4.35%

SPCX opened at $139.95, just above the prior close, dipped to a session low of $138.60, then pushed to a high of $142.06 before settling at $140.8738, a 0.89% gain on the day. Volume of 50,487,232 shares came in below both the prior session's 61,443,942 shares (down roughly 17.8% day over day) and the stock's average volume to date of 117,242,148 shares — about 43% of that average, per the Volume vs avg indicator (0.43). The close sits 4.35% above the $135.00 IPO offer price but remains well below the $160.95 first-day close. Price advanced on lighter-than-average volume, a modest gain that did not come with a corresponding pickup in participation.

Technicals

SPCX has traded for roughly 53 sessions since its June 12, 2026 IPO. That is enough history for short- and medium-window indicators like RSI-14 and the 50-day SMA to compute, but the 200-day SMA remains unavailable (not enough bars), and all of these readings still rest on a short, highly volatile sample — they should be weighted cautiously rather than treated as a mature technical picture.

Trend

Since IPO, SPCX ran from its $160.95 first-day close up to a peak close of $201.80 on June 16, then fell steadily through July to a low close of $108.27 on August 5. From that low the stock has recovered over the past several weeks, closing at $140.8738 today. The close sits above the SMA-5 (138.08), SMA-10 (139.36), SMA-20 (132.88), and SMA-50 (138.57), consistent with a near-term recovery within a broader post-IPO decline-and-stabilize pattern. SMA-200 is not yet computable given the stock's limited trading history.

Candle read

Today's candle has a range of $3.46 (high $142.06 to low $138.60), with a real body of $0.92 (close above open), an upper wick of $1.19, and a lower wick of $1.35. The close location of 0.66 means the close sits roughly two-thirds of the way up the day's range, closer to the high than the low. The larger lower wick relative to the upper wick, combined with a close in the upper portion of the range, indicates the stock dipped toward $138.60 intraday before buyers stepped back in, though the real body is modest relative to the full range.

Support levels

• $139.63 — prior session close, close to the SMA-10 (139.36)
• $138.60 — today's session low
• $138.08 / $138.57 — SMA-5 and SMA-50, clustered just below the session low
• $135.00 — IPO offer price, also matching the August 24 close

Resistance levels

• $141.29 — August 13 close
• $142.06 — today's session high
• $143.34 — August 18 close
• $146.15 / $146.23 — August 12 and August 17 closes, the nearest closes above the current price on the recovery leg

Momentum interpretation

RSI-14 reads 54.35, in neutral territory, neither overbought nor oversold.

Bull scenario: a close above today's $142.06 high, followed by a move through the $143.34-$146.23 zone of prior closes, would suggest the recovery from the August 5 low ($108.27) is extending.

Bear scenario: a break below the cluster of support around $138.08-$139.63 (SMA-5, SMA-50, and the prior close) that also takes out today's $138.60 low would put the $135.00 IPO offer price back in focus.

Neutral scenario: continued trade between roughly $138.60 and $142.06 would keep SPCX inside its recent consolidation range, with RSI-14 near 54 offering no strong directional signal either way.

Trading Takeaway

SPCX added 0.89% on below-average volume, holding above its short- and medium-term moving averages while remaining well off its June highs. The candle shape — a dip toward $138.60 followed by a close near the top of the range — points to buying interest on weakness rather than aggressive follow-through, and the light volume tempers the significance of the gain. For the next session, the key levels to watch are resistance at today's $142.06 high (with $143.34 and the $146.15-$146.23 zone above that) and support at the $138.08-$139.63 cluster, below which the $135.00 IPO offer price becomes the next reference point.

Sources

1. Archer Aviation vs. Space Exploration Technologies: Which High Flying Stock Is a Better Buy in 2026? — The Motley Fool — https://www.fool.com/coverage/better-buy/2026/08/27/archer-aviation-vs-space-exploration-technologies-which-high-flying-stock-is-a-better-buy-in-2026/?source=iedfolrf0000001
2. Nvidia's Unusual Move Answers AI Trade's Key Question; $40 Trillion US Debt Bomb Ticks; Key Fed Speech Awaited — Benzinga — https://www.benzinga.com/Opinion/26/08/61473424/nvidia-unusual-move-answers-ai-trade-key-question-but-40-trillion-us-debt-bomb-ticks-ahead-of-key-fed-speech
3. Musk, Altman, Huang All Set to Speak at US-Hosted G20 Tech Meeting — Benzinga — https://www.benzinga.com/markets/tech/26/08/61471128/musk-altman-huang-all-set-to-speak-at-us-hosted-g20-tech-meeting
4. 'SpaceX's Musk, David Sacks to Join Altman, Huang at G20 Event' - Bloomberg News — Benzinga — https://www.benzinga.com/economics/macro-economic-events/26/08/61461563/spacex-s-musk-david-sacks-join-altman-huang-g20-event-bloomberg-news
5. Would You Let Elon Musk's Grok Bot Control Your Bank Account? Elon Musk Says He'll Cover You If the AI Messes Up (UPDATED) — Benzinga — https://www.benzinga.com/markets/tech/26/08/61455209/elon-musk-just-made-a-wild-promise-to-user-willing-to-give-grok-their-bank-account-promises-we-will-make-you-whole-if-it-messes-up
6. Dell Beat Last Quarter's EPS Estimate by 65% — Can It Repeat That Next Time? — Benzinga — https://www.benzinga.com/trading-ideas/movers/26/08/61458815/dell-beat-last-quarters-eps-estimate-by-65-can-it-repeat-that-next-time
7. Elon Musk May Be Quietly Becoming One of Nvidia's Biggest Customers—Gene Munster Says SpaceX Accounts for 5% of NVDA Revenue (UPDATED) — Benzinga — https://www.benzinga.com/markets/tech/26/08/61454239/elon-musks-spcx-now-accounts-for-5-of-nvidia-revenue-gene-munster-says-the-script-has-flipped
8. Russian-Speaking Cybercriminals Used SpaceX's Cursor AI Tool To Hack Seven Companies - Reuters Exclusive — Benzinga — https://www.benzinga.com/quote/SPCX
9. SpaceX Stock Trades Near $140 While Wall Street's Average Target Sits Above $232. Who's Right? — The Motley Fool — https://www.fool.com/investing/2026/08/27/spacex-stock-trades-near-140-while-wall-streets-av/?source=iedfolrf0000001
10. NASA Chief Jared Isaacman Wants Data Centers In Space as AI Devours Electricity, Says US Should Tap 'Free Fusion Reactor' To Win AI Race — Benzinga — https://www.benzinga.com/markets/tech/26/08/61453795/nasa-chief-jared-isaacman-wants-data-centers-in-space-as-ai-devours-electricity-says-us-should-tap-free-fusion-reactor-to-win-ai-race
11. Alpaca Markets (SIP) — market data

Disclaimer

This report is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. SPCX is a newly public, thinly traded stock with a short and volatile trading history; technical indicators referenced here are based on limited data and should be weighted accordingly. Verify all figures independently before making any financial decision.