SpaceX Expects to Spend $35 Billion to $40 Billion This Quarter. Here's Who Sells the Power and Cooling.
Key PointsGE Vernova and its peers are providing the turbines for SpaceX’s Starbase.
SpaceX anticipates allocating a significant portion of its $35 billion to $40 billion in spending for the upcoming quarter to procure new GPUs from Nvidia. As part of this ambitious expansion, the company expects to generate $1 trillion in revenue by 2030, representing a substantial 113% compound annual growth rate (CAGR) from its projected 2026 revenue.
To power and cool its advanced AI-driven infrastructure, SpaceX relies on various suppliers, including power producers and cooling equipment manufacturers. Among the direct beneficiaries are the Arizona Electric Power Cooperative (AEPCO), which will supply electricity to SpaceX's Cochise County campus in Arizona, as well as US-based companies like GE Vernova, Caterpillar, and Mitsubishi Heavy Industries, which provide critical components for SpaceX's data centers.
While SGX doesn't announce specific deals with these suppliers, their revenue growth is expected to remain steady, driven by the ongoing data center market expansion.
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