SpaceX held its first public earnings call, reporting $7.81 billion in total revenue for Q2 2026, a 92% year-over-year increase. AI-related activities contributed $2.56 billion to this total, marking a 247% jump compared to previous periods.
Elon Musk announced that SpaceX will exclusively utilize Nvidia's Vera Rubin architecture for its AI infrastructure. As of June 2026, the company has deployed 1.4 gigawatts of compute capacity, with plans to exceed 2 gigawatts by the end of this year and reach 10 gigawatts by the end of 2027.
The companies also unveiled Starmind, a joint project to launch Vera Rubin-based compute payloads into low Earth orbit starting in 2027. Nvidia maintains a strategic position as a significant shareholder in SpaceX, deepening the partnership beyond standard hardware supply.
Following the announcement, AMD shares fell by approximately 9%, despite the company reporting record quarterly revenue of $11.5 billion, a 50% increase year-over-year. Conversely, Nvidia stock rose between 2% and 3.4%.
