SpaceX (SPCX) Stock Lifts Off on Nvidia AI Chip Partnership News

TLDR

• SpaceX stock rose 1.3% in premarket trading to $136.71 after closing at its $135 IPO price Monday
• CEO Elon Musk confirmed SpaceX helped design a space-optimized version of Nvidia’s Vera Rubin AI chips, planned for orbit in 2027
• SpaceX plans to build AI computing satellites powered by solar energy to undercut terrestrial data center costs
• Starlink revenue hit $4.2 billion, up from $3.2 billion year-over-year, with customers now exceeding 12 million
• Capital expenditure jumped to $18 billion in Q2, up from $10 billion in the same period last year

SpaceX (SPCX) stock was up 1.3% in premarket trading Tuesday at $136.71, after closing right at its $135 IPO price on Monday. The stock has swung between $105 and $225 since its June IPO.

Space Exploration Technologies Corp., SPCX

The move came after CEO Elon Musk retweeted a post from Nvidia about its Vera Rubin GPU chips, confirming SpaceX helped design a “space-optimized” version set for orbit in 2027, with “significant scale” planned for 2028.

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