SpaceX is about to become the most valuable company to ever go public, and Nvidia wants everyone to know it helped build the engines. Not the rocket engines, the computational ones.

Nvidia is celebrating its long-running partnership with SpaceX as the Elon Musk-led company prepares for an IPO priced at $135 per share. The offering is expected to raise $75 billion, which would make it the largest IPO in US history and peg SpaceX’s valuation at roughly $1.8 trillion.

A partnership that started with a single supercomputer

The collaboration traces back to 2016, when Nvidia delivered its first DGX-1 supercomputer to SpaceX. Nearly a decade later, Nvidia now provides SpaceX with a suite of space-specific computing platforms, including the Space-1 Vera Rubin Module, IGX Thor, and Jetson Orin, purpose-built to operate in the unique thermal, radiation, and power constraints of outer space.

The partnership centers around AI computing for rocket design and manufacturing, but the scope has expanded to include SpaceX positioning itself as a potential operator of orbital data centers.

The deals fueling the orbital AI play

Google has signed an agreement to pay SpaceX $920 million per month for access to approximately 110,000 Nvidia GPUs. That deal is set to reach full capacity in October 2026 and run through June 2029.

Anthropic has secured a partnership with SpaceX that includes access to Colossus 1, a cluster featuring over 220,000 Nvidia GPUs with a power capacity exceeding 300 megawatts.

Why the IPO changes the calculus

SpaceX’s IPO, trading under the ticker SPCX, is set to price at $135 per share. At a $1.8 trillion valuation, SpaceX would enter the public markets as one of the most valuable companies on the planet. The Nvidia partnership is central to that narrative, with Nvidia’s space-specific hardware platforms including the Space-1 Vera Rubin Module, IGX Thor, and Jetson Orin designed to address the thermal, radiation, and power constraints of operating in orbit.