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International Business Times UK
International Business Times UK
Niloy Chakrabarti

'This Is Fake News': Elon Musk Kills Viral $52 Billion SpaceX-Foxconn AI Deal Story

Elon Musk X Foxconn SpaceX Nvidia Citrini Hon Hai
Elon Musk speaks at the 2025 Conservative Political Action Conference, CPAC, at the Gaylord National Resort and Convention Centre in National Harbor, Maryland. (Credit: Flickr/ Gage Skidmore)

A now-deleted viral social media post on X claimed that Elon Musk's SpaceX had placed a whopping $52 billion order for Nvidia GB300 AI servers from Foxconn, formally known as Hon Hai Precision. The claim generated widespread discussion among AI investors and SpaceX followers until Musk himself publicly dismissed it in four words: 'This is Fake News.'

The now-deleted post, shared by X user Andrew Curran, cited a report that Foxconn had secured its first contract to manufacture AI servers for SpaceX. According to the social media post, SpaceX planned to deploy over 13,000 AI server racks powered by Nvidia's upcoming GB300 platform, with each rack estimated to cost around $4 million, implying an estimated contract value of $52 billion.

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