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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

SpaceX Is 'Exclusive to Nvidia' for All Future AI Systems on Earth and in Space, Musk Says

SpaceX Nvidia Elon Musk
SpaceX stock decline since June IPO lowers Musk's wealth below $800B amid Q2 pressures and rising AI capex. (Credit: https://x.com/Kristennetten)

SpaceX tanked by nearly 10% during pre-market hours on Wednesday despite narrowing its Q2 losses to $0.09 per share from a loss of $0.34 a year earlier, as revenue soared to $7.81 billion year-over-year from $4.07 billion.

While the SpaceX stock continued to tank, Musk's comments and X posts labelling Nvidia as the best GPU provider buoyed the stock of the chipmaker by around 1.8% during pre-market hours.

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