SpaceX goes Nvidia-exclusive, lifting NVDA as SPCX slides

1 min read
Source: Yahoo Finance
SpaceX goes Nvidia-exclusive, lifting NVDA as SPCX slides
Photo: Yahoo Finance
TL;DR Summary

SpaceX CEO Elon Musk said the company will exclusively use Nvidia chips for its AI services, prompting Nvidia stock to rise in pre-market trading while SpaceX stock SPCX fell more than 10%. Musk touted Nvidia’s Vera Rubin architecture and said SpaceX will deploy Vera Rubin NVL72 rack-scale systems on the ground and in space as part of its Starmind program. SpaceX projects over 2 gigawatts of compute this year and close to 10 gigawatts by next year, aided by cloud-service deals with Google and Anthropic that lease SpaceX data-center capacity.

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