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International Business Times UK

Bgie Areña

Elon Musk Denies $52B SpaceX AI Server Deal; Dell and SMCI Stocks Rise

Elon Musk Dell SpaceX X Super Micro Foxconn SMCI United States Nvidia Super Micro Computer

The story was promptly amplified on X, the social media platform Elon Musk owns. (Credit: AFP News)

Elon Musk moved to quash fevered market speculation on Monday, denying that SpaceX had struck a $52 billion (£38.6 billion) deal with Foxconn for Nvidia-powered AI servers, as shares in existing suppliers Dell Technologies and Super Micro Computer edged higher in premarket US trading.

SpaceX was preparing to buy more than 13,000 AI server racks from Foxconn, each allegedly powered by Nvidia's next-generation GB300 chips and priced at about $4 million (£2,97 million) per rack. The paper said the supposed order would be worth roughly $52 billion and implied that Dell and Super Micro long-standing providers of AI servers to Musk's space venture had been sidelined in favour of the Taiwanese manufacturing giant.

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