Space Exploration Technologies Corp. ($SPCX) is making significant strides in expanding its AI computing capabilities, with CEO Elon Musk revealing plans to more than double the number of Nvidia chips powering its xAI Colossus 2 cluster by the end of 2026. Currently equipped with 110,000 GB200 and 440,000 GB300 Nvidia chips, the Memphis-based facility is set to add an additional 660,000 GB300 chips in stages through November and potentially late December, aiming for a total of 1 million GPUs by year-end. This aggressive buildout highlights SpaceX’s push to scale AI infrastructure alongside its aerospace ventures.
On the space front, SpaceX secured a $946 million NASA contract extension to continue crewed missions to the International Space Station through 2030, bringing its total NASA contract value close to $6 billion. This extension provides short-term certainty for crew transportation but underscores ongoing challenges, as Boeing’s Starliner remains uncertified for crewed flights until at least 2027, and SpaceX plans to retire its Crew Dragon spacecraft by 2030—the same year the ISS is slated for retirement. This timing leaves questions about future redundancy and crew access beyond the next several years.
Meanwhile, $SPCX shares have faced pressure since their June IPO, sliding from a peak of $201.80 to lower levels over the summer, contrasting with gains seen by competitors like Meta Platforms. Investors are weighing SpaceX’s ambitious AI and space initiatives against near-term market volatility and competitive pressures, including from Amazon’s growing but still lagging space and satellite internet efforts.
Markets will reopen later today at 9:30 AM ET, where $SPCX’s developments in AI and NASA contracts will likely remain key focal points for investors.
Did you know?
The first stock ever traded on the New York Stock Exchange was the Bank of New York in 1792, marking the start of what would become the world’s largest stock market.
Disclaimer
This content is for entertainment and discussion purposes only. It is based on publicly available headlines and social media commentary, which can be messy and ever-evolving. We are not financial advisors, and this is not investment advice. The publisher may hold positions in securities mentioned. We aim to keep things accurate—if you catch something off, please let us know.
Powered by - Trading Watch Premium
This data is 100% free and is made possible by our Monthly Supporters.
No Comments