The news directly supports demand expectations for Nvidia GPUs/systems via an exclusivity statement from a major AI compute buyer (SpaceX), likely driving near-term momentum and sentiment for NVDA.
Nvidia stock rises after Musk says SpaceX will exclusively use company's chips Daniel Howley · Technology Editor Wed, August 5, 2026 at 6:48 PM GMT+2 2 min read SPCX NVDA SpaceX ( SPCX ) is all-in on Nvidia ( NVDA ). CEO Elon Musk told investors during the company's first-ever earnings call that going forward, SpaceX will build its AI services exclusively on Nvidia's systems. Nvidia stock rose more than 4% on the news on Wednesday.
SpaceX stock, meanwhile, fell more than 10% before rising off the lows. "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. According to Musk, SpaceX will begin launching Starmind satellites next year.
Orbiting data centers are seen as a potential solution to building massive data centers on Earth. Unlike their Earth-based counterparts, space-based solutions don't require companies to purchase large swaths of land. SpaceX says cooling in space will also be less energy intensive.
Musk also said that the company plans to launch Nvidia's Vera Rubin NVL72 rackscale system both on the ground and in space as part of its Starmind satellite program. But launching the servers into orbit and getting them set up and connected could prove more difficult than constructing facilities on Earth. SpaceX' Al revenues climbed 213% quarter over quarter and 247% since the same period last year to $2.
6 billion. SpaceX attributed the growth to cloud service agreements and increased Grok and X subscriptions. SpaceX entered into multibillion-dollar leasing agreements with Google and Anthropic that will see the companies rent out SpaceX's data center capacity to power their AI services.
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