SpaceX Locks In Nvidia GPUs in Exclusive Deal

SpaceX will exclusively buy Nvidia GPUs, Elon Musk announced on the earnings call, citing Nvidia's Vera Rubin architecture as the best AI computer and signaling SpaceX could become a meaningful share of Nvidia's revenue next year. Nvidia has long supplied GPUs to SpaceX and Tesla. SpaceX posted Q2 revenue of $7.8B, up 92% year‑over‑year, driven by AI infrastructure and Starlink, while Musk reiterated a goal of $100B in annual revenue by year‑end; however, high AI spending contributed to a $541M quarterly loss and shares fell after hours. The exclusivity underscores Nvidia’s deep partnership with Musk’s ventures, while reducing diversification risk by constraining other chip suppliers.