SpaceX Ties Up With Nvidia, Accelerates $1 Trillion Revenue Target

SpaceX has partnered exclusively with Nvidia to build its AI infrastructure using their Vera Rubin architecture. According to CEO Elon Musk, 'we think it's the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia.'

The company plans to launch a fleet of AI satellites called Starmind, each packing Nvidia's next-generation Rubin GPUs and Vera CPUs. These satellites will deliver datacenter-class computing power in orbit, with similar optimized designs potentially used on the ground as well.

SpaceX expects to receive a significant share of Nvidia's GPUs next year. In other news, SpaceX reported $7.8 billion in Q2 revenue, up 92% year-over-year, and narrowed its net loss to $541 million. The company has also accelerated its target of reaching $1 trillion in annual revenue to 2030, with a non-zero chance of hitting that milestone in 2029.