Nvidia and SpaceX Plan to Launch AI Satellites Into Orbit in 2027

TLDR

• SpaceX will launch its first Nvidia-powered AI satellites in Q4 2027
• Elon Musk says orbital AI computing could cost less than Earth-based data centers
• Nvidia disclosed ownership of 122.8 million SpaceX shares, making it both supplier and shareholder
• SpaceX completed its $60 billion acquisition of AI coding company Cursor in August 2026
• Evercore ISI has an Outperform rating on SpaceX with a $230 price target

SpaceX plans to launch its first artificial intelligence satellites powered by Nvidia technology in the fourth quarter of 2027. Elon Musk announced the plan earlier this week, saying that running AI workloads in orbit could eventually cost less than operating data centers on Earth.

Space Exploration Technologies Corp., SPCX

Musk also said the orbital approach could have a smaller environmental footprint than land-based data centers. He expects the orbital network to reach scale by 2028.

Nvidia Ships Vera Rubin to SpaceX

During Nvidia’s earnings call on August 26, CFO Colette Kress confirmed that the company’s Vera Rubin system is now in full production. Shipments are going to Oracle, Amazon, and SpaceX.

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