Key facts
- SpaceX stock reached an intraday high of $147.58 on November 12, a 5.6% rise, per the report.
- Neither SpaceX nor Nvidia has announced a hiring agreement or confirmed talks, according to the report.
- Nvidia said CFO Colette Kress will serve as interim CEO while the board searches for a permanent leader.
- Nvidia said Huang will also leave the company's board.
- Nvidia stock fell 13% in pre-market trading on November 12, per the report.
- Nvidia's market capitalization has fallen by about $1.7 trillion from a record high set last month, per the report.
SpaceX stock rose 5.6% to an intraday high of $147.58 on November 12, 2026, after CEO Elon Musk said hiring Jensen Huang would be an honor, according to the report. The exchange began when ZeroHedge posted a message urging Musk to hire Huang; Musk replied, "That would be an honor." Neither company has announced a hiring agreement or confirmed talks, the report said.
Separately, Nvidia said Huang resigned as CEO on November 12 and that CFO Colette Kress will serve as interim CEO while the board searches for a permanent leader. Huang will also leave the company's board, Nvidia said. The board met on Wednesday to review Huang's future, according to the report.
The report said Nvidia stock fell 13% in pre-market trading on November 12 and is down more than a third from a record high set last month, erasing about $1.7 trillion in market capitalization. It also said US intelligence agencies have been monitoring Huang and Alice Huang over allegations of sharing information with the Chinese government, and that Nvidia said it found no evidence that national security information or internal secrets were breached.