Elon Musk Says SpaceX Needs More Power Than New York City in a Heatwave. These 2 Nuclear Stocks Should Benefit.
Artificial intelligence adoption continues to require more energy.
Overview
SpaceX (NASDAQ: SPCX) CEO Elon Musk is concerned with the supply of electricity in the U.S. Over the past three months, the space company has spent $15.8 billion scaling its artificial intelligence compute infrastructure -- infrastructure that is highly energy-intensive. During SpaceX's first earnings call on Aug. 11, Musk stressed the need to scale up its energy infrastructure in tandem.
"[O]ur tentative target is to actually have 20 gigawatts at the power and cooling level online by the end of next year," Elon Musk revealed. "Now I don't think we're going to achieve 20 gigawatts, but we want to have a series of projects that cumulatively come to 20 gigawatts by the end of next year. Some of them won't pan out exactly on time, but I would expect that we still probably have at the power plant level, something close to 15 gigawatts."
Image source: The White House.
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Originally published at www.fool.com.