Joining Forces to Build Space Computing Power? As Space Exploration Tech Goes Public, Musk Calls on Jensen Huang: Upgrade Cooperation!
Space Exploration Tech surged over 19% on its first day of trading. NVIDIA promptly extended public congratulations, with Musk stating that the two companies would take their cooperation "to a new level." Meanwhile, Space Exploration Tech unveiled its first AI computing satellite, AI1, and has signed major computing power deals with Alphabet and Anthropic totaling over $2.1 billion per month, with NVIDIA GPUs playing a central role
As Space Exploration Tech just went public, Musk has already set his sights on the next big thing—partnering with NVIDIA to develop space-based AI.
Space Exploration Tech officially listed on the Nasdaq Exchange on June 12 local time. On its first day of trading, the stock price surged more than 19%, closing with a market capitalization of $2.11 trillion. This gain directly propelled Musk to become the world's first individual with a net worth exceeding $1 trillion.
On the same day as the stock's meteoric rise, NVIDIA posted on platform X, enthusiastically congratulating the Space Exploration Tech team on its "historic IPO debut." Musk promptly responded, stating that he would take the "exciting collaboration" with NVIDIA "to a new level." It is evident that new moves are brewing between the two companies.
AI Satellites: A New Frontier for Space Computing Power
According to wccftech, the "new level" mentioned by Musk likely points to a new business venture recently disclosed by Space Exploration Tech—the AI1 satellite.
This is Space Exploration Tech's first dedicated AI computing satellite. Each satellite supports a peak computing power of up to 150 kilowatts and is equipped with liquid cooling radiators, meteoroid protection layers, centralized computing modules, and deployable solar panels. These satellites will be mass-produced at Space Exploration Tech's Gigasat factory in Texas.
Simply put, the AI1 satellite is equivalent to moving a data center into orbital space, allowing computing power to break through the limitations of ground-based infrastructure. As the world's leading supplier of AI chips, NVIDIA's alignment with this direction is self-evident.
Major Cloud Computing Deals: NVIDIA GPUs Have Become Standard for Space Exploration Tech
In fact, NVIDIA GPUs have long been deeply embedded in Space Exploration Tech's commercial landscape.
Ahead of the IPO, Space Exploration Tech signed a cloud services agreement with Alphabet, providing computing power equivalent to "110,000 NVIDIA GPUs, CPUs, memory, and related components," charging $920 million per month.
The agreement with Anthropic is even larger in scale: Space Exploration Tech provides this AI company with access to "220,000 NVIDIA GPUs (including models such as H100, H200, and GB200)," charging $1.25 billion per month, which amounts to $15 billion annually.
These two contracts illustrate one point: Space Exploration Tech is no longer just a rocket company; it is becoming an AI computing power provider built on the foundation of NVIDIA chips.
Terafab: Tesla and Intel Are Also in the Game
In addition to satellites and cloud computing, Space Exploration Tech is collaborating with Tesla and Intel to rapidly advance a project named "Terafab." While materials did not disclose further details, this layout further indicates that Space Exploration Tech is building a multi-layered ecosystem spanning space, computing power, and manufacturing.
Musk's relationship with NVIDIA has evolved from simple chip procurement to a deeper strategic binding.
