SpaceX Commits Exclusively to Nvidia Chips for AI, Plans Space Deployment
Elon Musk announced during SpaceX’s first earnings call that SpaceX and xAI will exclusively use Nvidia’s Vera Rubin architecture for AI systems, cutting out rivals like AMD and Intel. Nvidia stock rose over 4%, while SpaceX shares fell over 10% initially due to a $541 million loss and high AI spending. SpaceX plans to deploy Nvidia’s Vera Rubin NVL72 rackscale systems both on Earth and in orbit via its Starmind satellite program. AI revenues surged 213% quarter-over-quarter to $2.6 billion, with multibillion-dollar leasing deals with Google and Anthropic.
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SpaceX Stock Drops 14% After Musk Says It Will Use Only Nvidia Chips; Nvidia Rises, AMD Falls
SpaceX (SPCX) stock closed down about 14% on Wednesday after CEO Elon Musk, on the company's first earnings call as a public company, said SpaceX would build its AI systems exclusively on Nvidia chips using the Vera Rubin architecture. The announcement sent Nvidia (NVDA) up 3.4% and AMD (AMD) down 6%, despite AMD reporting a record quarter. SpaceX reported strong earnings—revenue up 92% to $7.8 billion and AI unit sales up 247%—but investors focused on the higher capital spending tied to a single supplier. Capital spending reached $18.37 billion, with $15.8 billion on AI computing, while only $14.1 billion in AI cloud sales were under contract. Additionally, a major insider share unlock of 911.5 million shares added downward pressure on SpaceX stock.
Nvidia Stock Rallies After SpaceX Commits to Exclusive Use of Its GPUs
Shares of Nvidia rose as much as 4.9% on August 5, 2026, following an announcement by SpaceX CEO Elon Musk that the company will build its AI systems exclusively using Nvidia's GPUs. During SpaceX's first earnings call as a public company, Musk stated that Nvidia's Vera Rubin architecture is the best AI computer and that SpaceX has committed to receiving a significant percentage of Nvidia's GPUs next year. SpaceX, which includes Starlink and xAI, expects to have over 2 gigawatts of compute capacity by end of 2026 and 10 gigawatts by 2027. The news underscores Nvidia's continued dominance in AI chipmaking, driving investor optimism.
Nvidia Stock Rises After Elon Musk Says SpaceX Will Exclusively Buy Its Chips
Nvidia's stock price increased following a statement by Elon Musk that SpaceX will exclusively purchase Nvidia's chips. The announcement, reported by Investopedia, highlights a major endorsement from a key figure in the aerospace and technology sectors, boosting investor confidence in Nvidia's market position. The exclusive deal underscores the growing demand for Nvidia's advanced processors in space and defense applications, contributing to a positive market reaction for the company's shares.
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Nvidia Stock Rises After Elon Musk Says SpaceX Will Exclusively Buy Its Chips
Nvidia shares climbed on Wednesday after Elon Musk announced during SpaceX's first earnings call as a public company that the aerospace firm will exclusively purchase Nvidia chips for its AI products. Musk stated that SpaceX has decided to build exclusively on Nvidia because the Vera Rubin architecture is the best AI computer available, and he emphasized the close cooperation and partnership with Nvidia. He also revealed that SpaceX expects to secure a significant percentage of Nvidia's GPUs next year. While Nvidia shares rose 4% on the news, SpaceX shares dropped 12%. Musk's companies have long used Nvidia hardware, though Tesla and SpaceX are planning to build a jointly owned factory to produce their own AI chips in the future. Nvidia shares are up 18% since the start of 2026 but remain about 7% off their May highs.
Elon Musk Announces Exclusive Nvidia Partnership on SpaceX Earnings Call
SpaceX reported Q2 2026 revenue of $7.81 billion (92% YoY growth) but saw shares drop 6.5% after revealing AI capital expenditures surged to $15.8 billion, more than double Q1's $7.7 billion, triggering free cash flow concerns. Despite a $1.26 billion AI operating loss, CEO Elon Musk projected a $100 billion annualized revenue run rate by December 2026 and pulled forward the $1 trillion revenue target to 2030. In a key development boosting Nvidia (NVDA) stock 3.7%, Musk announced SpaceX will build its AI infrastructure exclusively on Nvidia's Vera Rubin architecture, covering both terrestrial data centers and planned Starmind AI-1 orbital computing satellites. This exclusive deal is a competitive blow to AMD, whose stock fell over 6%. Musk stated SpaceX expects to end 2026 with over 2 gigawatts of compute, potentially reaching 10 gigawatts by end of 2027.
Elon Musk says SpaceX will exclusively use Nvidia chips for AI
SpaceX CEO Elon Musk announced that his company will exclusively use Nvidia's chips to build its artificial intelligence systems. This high-profile endorsement from Musk, a major figure in the tech and space industries, provides a significant boost to Nvidia's stock and reputation in the AI chip market. The statement underscores Nvidia's dominant position in the AI hardware sector, as one of the world's leading private space companies commits to its technology for AI development.
Elon Musk says SpaceX and xAI will exclusively use Nvidia GPUs, plans to launch Vera Rubin NVL72 into space next year
Elon Musk announced that SpaceX and xAI will exclusively use Nvidia GPUs, specifically praising the Vera Rubin NVL72 rack-scale system as the best AI compute architecture available. During SpaceX's earnings call, Musk stated the company has decided to build exclusively on Nvidia due to the superior design of the NVL72 VR200 computer, which eliminates cables for improved reliability. Historically, xAI has used Nvidia's Hopper and Blackwell hardware for training Grok models. Musk also revealed plans to deploy an optimized version of the Vera Rubin NVL72 computer in space as part of the Starmind AI satellite, with launches expected to begin next year. This marks a significant endorsement for Nvidia over competitors like AMD, and represents an ambitious project to deploy a full-scale AI rack system in orbit, raising questions about cooling and reliability in space.
Elon Musk says SpaceX and xAI will exclusively use Nvidia GPUs, plans to launch Vera Rubin NVL72 into space next year
Elon Musk announced that SpaceX and xAI will exclusively use Nvidia GPUs, citing the Vera Rubin NVL72 rack-scale system as the best AI compute architecture available. During SpaceX's earnings call, Musk praised the cable-less design of the NVL72 VR200 computer for its serviceability and reliability. He also revealed plans to deploy an optimized version of the Vera Rubin NVL72 in space via the Starmind AI satellite, with launches expected to begin next year. This marks a significant endorsement for Nvidia over competitors like AMD, as xAI has historically used only Nvidia hardware for training its Grok models. The space deployment would be far more ambitious than Nvidia's own Space-1 Vera Rubin Module, raising questions about cooling and reliability in orbit.
Elon Musk says SpaceX and xAI will exclusively use Nvidia GPUs, plans to launch Vera Rubin NVL72 into space
Elon Musk announced via X post and during SpaceX's earnings call that SpaceX and xAI will exclusively use Nvidia GPUs, specifically the Vera Rubin NVL72 rack-scale system, citing its superior design and reliability. Musk praised the cable-less compute trays for improving serviceability and reducing failures. He revealed that SpaceX plans to deploy an optimized version of the Vera Rubin NVL72 computer, called Starmind AI satellite, into orbit as early as next year, alongside ground-based deployments. This marks a stronger commitment to Nvidia over competitors like AMD, though xAI has historically used Nvidia hardware exclusively. The space deployment of such a large-scale AI system raises questions about cooling and reliability in orbit.
SpaceX Commits to Exclusive Use of Nvidia GPUs, Musk Says
During SpaceX's earnings call on Wednesday, CEO Elon Musk announced that the company has committed to buying graphics processing units exclusively from Nvidia, citing the superiority of Nvidia's Vera Rubin architecture. Musk stated that SpaceX will receive a significant percentage of Nvidia's GPUs next year, potentially making up a notable share of Nvidia's revenue. This exclusive deal cuts out rival chipmakers like Intel, AMD, and Broadcom, and runs counter to the diversification strategy often used by large tech companies. Nvidia CEO Jensen Huang has praised Musk as an 'extraordinary engineer' and called his work 'world-class.' SpaceX also reported its first quarterly earnings as a listed company, with Q2 sales rising 92% year-on-year to $7.8 billion, driven by growth in AI infrastructure and Starlink. Despite the revenue beat, a $541 million loss and high AI spending sent shares down over 7% after hours.
Nvidia stock rises after Musk says SpaceX will exclusively use company's chips
Elon Musk announced during SpaceX's first-ever earnings call that the company will exclusively use Nvidia's systems for its AI services, citing the Vera Rubin architecture as the best AI computer. Nvidia stock rose over 4% on the news, while SpaceX stock initially fell over 10% before recovering. Musk revealed SpaceX expects to end the year with over 2 gigawatts of compute and nearly 10 gigawatts by end of next year. The company plans to launch Nvidia's Vera Rubin NVL72 rackscale systems both on Earth and in orbit as part of its Starmind satellite program. SpaceX's AI revenues surged 213% quarter over quarter to $2.6 billion, driven by cloud service agreements with Google and Anthropic, as well as increased Grok and X subscriptions. Orbiting data centers are presented as a potential solution to land and cooling challenges faced by Earth-based facilities.
Nvidia stock rises after Musk says SpaceX will exclusively use company's chips
Elon Musk announced during SpaceX's first-ever earnings call that the company will exclusively use Nvidia's systems for its AI services, causing Nvidia stock to rise over 4%. Musk praised Nvidia's Vera Rubin architecture as the best AI computer and highlighted a close partnership. SpaceX plans to end the year with over 2 gigawatts of compute and nearly 10 gigawatts by next year. The company will launch Starmind satellites, deploying Nvidia's Vera Rubin NVL72 rackscale systems in orbit as a potential solution to Earth-based data center challenges. SpaceX's AI revenues surged 213% quarter-over-quarter to $2.6 billion, driven by cloud service agreements and subscriptions. Multibillion-dollar leasing agreements with Google and Anthropic were also noted. SpaceX stock initially fell over 10% before recovering.
Nvidia stock rises as Musk says SpaceX will exclusively use company's chips
Elon Musk announced during SpaceX's first-ever earnings call that the company will exclusively use Nvidia's systems for its AI services, citing the Vera Rubin architecture as the best AI computer. Nvidia stock rose about 2% in pre-market trading, while SpaceX stock fell over 10%. Musk stated SpaceX expects to end the year with over 2 gigawatts of compute and nearly 10 gigawatts by end of next year. The company plans to launch Nvidia's Vera Rubin NVL72 rackscale systems both on the ground and in space as part of its Starmind satellite program, with launches beginning next year. SpaceX's AI revenues surged 213% quarter-over-quarter to $2.6 billion, driven by cloud service agreements and increased Grok and X subscriptions. The company also entered multibillion-dollar leasing agreements with Google and Anthropic for data center capacity.