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EN590 Commodities GroupMarket Analysis 2026-08-05T12:20:53+00:00
SpaceX (SPCX) is all-in on Nvidia (NVDA). CEO Elon Musk told investorsduring the company's first-ever earnings callthat going forward, SpaceX will build its AI services exclusively on Nvidia's systems. Nvidia stock rose roughly 2% on the news in pre-market trading on Wednesday. SpaceX stock fell more than 10%. "We think the Vera Rubin architecture is the best architecture. We think it's the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia," Musk said. "So we're exclusive to Nvidia." According to the CEO, SpaceX expects to end the year with more than 2 gigawatts of compute and anticipates having close to 10 gigawatts of computing capacity by the end of next year. Musk also said that the company plans to launch Nvidia's Vera Rubin NVL72
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