SpaceX Shares Rose After Musk Announced His Intention To Hire Huang
- 12.11.2026, 21:31
Today, Jensen Huang stepped down as CEO of Nvidia.
Shares of aerospace company SpaceX (SPCX) jumped 5.4% on Thursday, November 12, reaching a high of $147.29.
By the end of the day, the gain had slowed to 2.8%, with the stock trading at $143.68.
According to Investing.com, the stock began to rise following a statement by SpaceX and Tesla CEO Elon Musk that he would be honored to hire former Nvidia CEO Jensen Huang. He wrote about this on the social media platform X.
Prior to this, The Wall Street Journal reported that NVIDIA’s board of directors was preparing to meet as early as Thursday, November 12, to discuss Huang’s future with the company. A few hours later, the company announced Huang’s resignation. Against this backdrop, the tech giant’s stock plummeted by 14.35%.
However, Nvidia (NVDA) shares later began to recover. By 8:00 p.m. Minsk time, the decline had slowed to 5.04%. It was reported that U.S. President Donald Trump had offered Tim Cook the position of CEO at Nvidia: he wrote that only one person could take the helm of the semiconductor manufacturer—former Apple CEO Tim Cook.
“A legend succeeds a legend”, Trump noted on the social media platform Truth Social, adding that Huang had done a “fantastic job.”
The technology company Nvidia is one of the world’s largest developers of graphics processors and chips for artificial intelligence systems, as well as software. Its technologies are used in video games, high-performance computing, autonomous vehicles, and more. The company was founded in 1993 by Jensen Huang along with two partners. He has led the company ever since.
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