Nvidia stock gained as SpaceX announced it will build its AI infrastructure exclusively on Nvidia chips, marking a major win for the semiconductor giant during SpaceX’s first earnings call as a public company on August 4, 2026.
During the earnings call, SpaceX CEO Elon Musk confirmed the exclusive partnership, stating that SpaceX has committed to using Nvidia GPUs because “we think the Vera Rubin architecture is the best architecture.” Musk added that SpaceX “greatly value[s] our close cooperation and partnership on many levels with Nvidia.”
The partnership centers on Nvidia’s Vera Rubin NVL72 rack system, codenamed Kyber, which will power SpaceX’s AI data centers on Earth and in orbit. Musk said SpaceX expects to deploy approximately 2 gigawatts of compute capacity by the end of 2026, scaling to roughly 10 gigawatts by the end of 2027.
SpaceX announced the partnership will extend to its Starmind AI satellite constellation, which the company is developing to run AI workloads directly in orbit. Each Starmind satellite will carry Nvidia’s Rubin GPUs and Vera CPUs, according to renderings released with the announcement. The orbital compute approach addresses bottlenecks facing terrestrial data centers—namely power, land, and cooling constraints.
The deal represents a significant commitment from one of the world’s largest AI infrastructure builders. SpaceX reported strong Q2 earnings, with revenues of $7.8 billion versus $6.7 billion expected, driven partly by its expanding AI compute agreements. The company is already leasing compute capacity to Anthropic and Google through its existing Colossus data center infrastructure.
Nvidia shares rose approximately 2 percent in premarket trading on the news, reaching $215 per share, according to Barron’s. The move comes as rival chipmaker AMD reported earnings that beat expectations but failed to impress investors after a strong run earlier in the year. AMD traded down more than 8 percent in premarket trading, highlighting Nvidia’s relative strength in the AI infrastructure race.
The partnership builds on a relationship spanning nearly a decade. Nvidia has previously supplied SpaceX with computing hardware, including the company’s first DGX-1 supercomputer delivered in 2016. The exclusive commitment underscores Nvidia’s dominant position in AI chip supply as major technology companies race to build out data center capacity to support large language models and other AI applications.
Musk’s decision to go exclusive with Nvidia comes roughly two weeks after he dismissed reports that SpaceX had ordered $52 billion worth of Nvidia GPUs through Foxconn, calling the rumor “fake news” at the time. The underlying direction—a major Nvidia GPU commitment from SpaceX—appears to have been correct, though the specific dollar figure remains undisclosed.
Sources
- WCCFtech — Elon Musk’s exclusive Nvidia commitment and 10GW deployment timeline
- Teslarati — SpaceX earnings call details, Starmind satellite announcement, and Nvidia stock reaction
- Barron’s — Nvidia stock gain and AMD comparison in premarket trading
- Invezz — Nvidia stock gain of approximately 2 percent on the announcement
