Nvidia Corp (NVDA) shares are moving higher in extended trading Tuesday after Elon Musk announced Space Exploration Technologies Corp (SPCX) will build "exclusively" on the Nvidia platform.
SpaceX reported its first quarterly results as a public company after the market close on Tuesday. On the conference call following the print, Musk suggested that Nvidia systems are superior to competitors.
"Going forward, we have decided to build exclusively on Nvidia because we think the Vera Rubin architecture is the best architecture. We think it's the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia," Musk said on the call.
Musk added that SpaceX intends to end the year with over two gigawatts of compute and noted it will be "several times higher" by the end of 2027. Cumulative online compute may be closer to 10 gigawatts than five gigawatts at the end of next year, he said.
The SpaceX CEO further stated the company plans to launch Nvidia's Vera Rubin NVL72 system, starting next year.
"We think the design of the NVL72 VR computer is a much better design than is typical than, say, having a standard rack-style design, and so we expect to actually deploy this on the ground, as well as in orbit," Musk said.
Nvidia shares were up 1.67% in after-hours, trading at $215.47 at the time of publication on Tuesday.
