Here's Why SpaceX Buying More Nvidia GPUs Is Bigger News for SpaceX's Stock Than Nvidia's
By renting out more compute capacity, SpaceX aims to generate revenue that it can put toward launching orbital data center satellites.
Overview
As soon as October, Space Exploration Technologies (NASDAQ: SPCX) could have close to 450,000 additional Nvidia (NASDAQ: NVDA) graphic processing units (GPUs) at its disposal. According to Barron's, SpaceX expects a cluster of 220,000 Nvidia GB300 Blackwell GPUs to be operational over the next few days, with another 220,000 up and running by October.
That's already on top of the 780,00 Blackwell and Hopper processors already running in SpaceX's data center complex. Inking any deal with SpaceX is noteworthy, but ultimately, this news will be more significant for SpaceX's shareholders than for Nvidia's.
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Originally published at www.fool.com.