{"slug": "spacex-and-nvidia-are-taking-their-relationship-exclusive-here-s-what-musk-said", "title": "SpaceX and Nvidia are taking their relationship exclusive — here's what Musk said about their new status", "summary": "SpaceX CEO Elon Musk announced on Wednesday's earnings call that the company will exclusively use Nvidia GPUs, citing the Vera Rubin architecture as the best AI computer. SpaceX reported Q2 revenue of $7.8 billion, up 92% year-over-year, but posted a $541 million loss, sending shares down over 7% after hours. Musk also said SpaceX aims to reach a $100 billion annual revenue run rate by year-end.", "body_md": "SpaceX says it's ready to be a one-chip supplier company.\n\nOn SpaceX's [highly anticipated earnings call](https://www.businessinsider.com/spacex-investor-questions-forum-earnings-crypto-shiba-inu-asteroid-2026-8) on Wednesday, CEO Elon Musk said his company was committed to buying graphics processing units from only one place.\n\n\"Going forward, we've decided to build exclusively on Nvidia because we think the Vera Rubin architecture is the best architecture,\" Musk said on the call, talking about his company's compute capacity. \"We think it's the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia. So we're exclusive to Nvidia.\"\n\nHe added that SpaceX will receive a significant percentage of Nvidia's GPUs next year, indicating that the space company could make up a notable share of Nvidia's revenue.\n\nNvidia has been a key technology partner for both of Musk's public companies, [Tesla and SpaceX](https://www.businessinsider.com/tesla-investors-spacex-merger-earnings-questions-elon-musk-2026-7), supplying GPU platforms that support AI model training, simulation, and advanced computing. Although Tesla has invested heavily in custom AI chips, it continues to use Nvidia GPUs for various AI and data center workloads.\n\nFollowing the call, Musk reiterated his commitment to Nvidia, announcing it again on X.\n\nIn a post on Wednesday night, he wrote: \"SpaceX has committed to using Nvidia GPUs exclusively because they are the best.\"\n\nAn exclusive contract with Nvidia cuts out rival chipmakers like Intel, AMD, and Broadcom. The exclusive announcement also runs counter to the diversification strategy that large tech companies often employ to reduce the risk of supply bottlenecks and other challenges stemming from dependence on a single company.\n\n## 'World class' products\n\nMusk and his companies have received similar compliments from Nvidia in return.\n\nNvidia CEO Jensen Huang has repeatedly praised Musk as an \"extraordinary engineer,\" and said that Nvidia does significant business with Tesla and SpaceX's xAI. He has also called Musk's work on xAI's Grok and Tesla products \"world-class.\"\n\nOn Wednesday, the space company reported its first quarterly earnings as a listed company, topping revenue expectations. It reported that second-quarter sales rose 92% year on year to $7.8 billion, driven by growth in AI infrastructure and [Starlink, its satellite internet](https://www.businessinsider.com/spacex-starlink-mobile-satellite-tmobile-verizon-att-competition-q2-earnings-2026-8) network.\n\nOn the call, Musk said the company aims to reach a $100 billion annual revenue run rate by year-end, but Wall Street remained cautious over the pace of spending and its impact on near-term profitability.\n\n\"I think it may be higher than that,\" Musk said, adding that the $100 billion ARR is \"if we did nothing.\"\n\nDespite revenue, investors focused on the company's high AI spending and** **a $541 million loss, sending shares down more than 7% after hours.", "url": "https://wpnews.pro/news/spacex-and-nvidia-are-taking-their-relationship-exclusive-here-s-what-musk-said", "canonical_source": "https://www.businessinsider.com/elon-musk-spacex-will-only-buy-from-nvidia-2026-8", "published_at": "2026-08-05 07:38:08+00:00", "updated_at": "2026-08-05 08:30:10.359890+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-chips"], "entities": ["SpaceX", "Elon Musk", "Nvidia", "Tesla", "Jensen Huang", "Intel", "AMD", "Broadcom"], "alternates": {"html": "https://wpnews.pro/news/spacex-and-nvidia-are-taking-their-relationship-exclusive-here-s-what-musk-said", "markdown": "https://wpnews.pro/news/spacex-and-nvidia-are-taking-their-relationship-exclusive-here-s-what-musk-said.md", "text": "https://wpnews.pro/news/spacex-and-nvidia-are-taking-their-relationship-exclusive-here-s-what-musk-said.txt", "jsonld": "https://wpnews.pro/news/spacex-and-nvidia-are-taking-their-relationship-exclusive-here-s-what-musk-said.jsonld"}}