Elon Musk Just Gave Fantastic News for Nvidia Investors

SpaceX (SPCX) posted its first quarterly profit, reporting $4.4 billion in net income on a 161% jump in revenue. That is the headline number for traders positioning around the name.

The earnings report landed alongside news that matters for another megacap: Elon Musk disclosed that the new SpaceX SI data center cluster will run on the Nvidia Vera Rubin computer. Nvidia investors are treating the announcement as a demand signal for the chipmaker's next-generation platform.

Two data points define the print:

• ▸Revenue growth: 161% increase, a pace that reframes SPCX as a high-growth earner rather than a cash-burning story.
• ▸Profitability: $4.4 billion in net income marks the first profitable quarter the company has reported.

Interpretation: a first-ever profit of that size removes the most common bear argument on SPCX, the absence of earnings. The Vera Rubin commitment also gives Nvidia a named, high-profile customer for its upcoming hardware, though the source offers no order size or delivery timeline, so the read-through to Nvidia revenue remains directional rather than quantified.