SpaceX and Nvidia are taking their relationship exclusive — here's what Musk said about their new status
On SpaceX's earnings call on Wednesday, CEO Elon Musk said that his company was committed to buying graphics processing units from Nvidia only.
Elon Musk declared SpaceX will exclusively purchase GPUs from Nvidia, deeming them the premier AI computer. Speaking during SpaceX's earnings call, Musk asserted his company's commitment to Nvidia's "Vera Rubin architecture," the best architecture for compute capacity. He further noted that SpaceX would secure a significant share of Nvidia's GPU production next year.
This exclusive arrangement eliminates competition from Intel, AMD, and Broadcom for SpaceX. The statement aligns with praise from Nvidia CEO Jensen Huang, who has frequently commended Musk's work on Tesla and xAI as "world-class." Notably, SpaceX's second-quarter earnings surpassed expectations, with revenue soaring 92% year-on-year to $7.8 billion.
However, investors expressed caution, citing the company's substantial AI expenditure and a $541 million loss, which led to a more than 7% share price drop after hours.
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