tech
SpaceX and Nvidia are taking their relationship exclusive
On SpaceX's earnings call on Wednesday, CEO Elon Musk said that his company was committed to buying graphics processing units from Nvidia only.
TL;DR
- SpaceX CEO Elon Musk declared an exclusive commitment to Nvidia for GPUs.
- Musk believes Nvidia's "Vera Rubin architecture" is the best for AI computer capacity.
- SpaceX expects to receive a significant portion of Nvidia's GPUs next year.
- This exclusive deal cuts out rival chipmakers like Intel, AMD, and Broadcom.
- SpaceX reported strong second-quarter sales growth of 92% year-on-year to $7.8 billion.
- Despite revenue growth, SpaceX shares dropped due to high AI spending and a $541 million loss.