- SpaceX stock price reached about $147 before retreating to $140.33 near the close.
- Musk’s hiring remark renewed speculation, but neither side confirmed talks or an offer.
- Nvidia stock fell 4.63% to $165.68 as Colette Kress became interim CEO.
SpaceX stock price drew attention as shares advanced following speculation about Jensen Huang joining Elon Musk’s company. The SpaceX stock price reached about $147 before declining, while the data showed shares at $140.33 near the close. Musk’s brief response to a suggestion to hire Jensen Huang helped fuel the speculation, but neither side has confirmed an offer or talks.
The renewed attention followed Nvidia’s announcement that Huang had resigned as president and CEO, effective immediately.
Following the Nvidia CEO resignation, the company appointed CFO Colette Kress interim chief executive and began searching for a permanent successor. The changes put Musk’s comment in a new context, though no confirmed move to SpaceX has been announced.
Why the SpaceX Stock Price Drew Attention
Musk wrote “That would be an honor” on an X post after a user suggested hiring Huang. The remark circulated again after Nvidia confirmed Huang’s departure. Investors then considered whether the former Nvidia chief might work with Musk.
Following the news, a market update described SpaceX shares as rising about 4%, while the chart recorded a gain of 57 cents, or 0.41%, from the previous close of $139.75. However, according to Google Finance data, the chart listed SpaceX stock price at $140.33 at 3:56 p.m. UTC−5.
SpaceX shares opened at $138 and surged during early trading, reaching about $147. The shares later fell toward $141, then traded between $142 and $144 mid-session.
A late decline brought the price close to $140 before a recovery. The $150 level remains above the chart’s recorded high for the session.
Nvidia’s Leadership Change Adds Context to the Speculation
Nvidia said Huang’s departure ended his 33-year run at the chipmaker he co-founded. The board named Harvey C. Jones, former chief executive of chip-design software maker Synopsys, as its first board chair. Nvidia’s leadership changes coincided with a separate decline in its stock.
Nvidia shares closed at $165.68, down by $8.05, or 4.63%, from the previous close of $173.73, according to Google Finance data. The stock fell to about $150 early in the session before rebounding above $160.
The latest reading came at 3:53 p.m. UTC−5. The Nvidia stock decline and SpaceX’s intraday rise occurred on the same day, but the supplied data does not establish a direct link between them.
Existing Business Ties Link Musk, Huang, and Nvidia
The companies already have business ties involving Nvidia processors and SpaceX’s computing plans.
Musk said during SpaceX’s August earnings call that the company would use Nvidia’s Vera Rubin processors in its data centers. SpaceX also ranks among Nvidia’s largest customers, according to the information provided.
Huang has praised Musk’s Terafab semiconductor project, which involves SpaceX and Tesla. Those existing connections serve to explain why investors focused on the possibility of a closer working relationship.
However, the information does not confirm any negotiations, job offer, or decision by Huang about his next role.
The circumstances around Huang’s departure may also remain part of the public discussion. The report links it to his admission of an affair with Alice Huang and an alleged relationship with Nvidia vice president Kimberly Powell. In connection with that, U.S. authorities and lawmakers have raised questions about possible national security implications.
This article provides financial and market information, not investment advice. Prediction-market probabilities and analyst price targets do not guarantee future events or returns. Any merger remains subject to negotiations, approvals and regulatory review.
