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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reinforcing Nvidia's dominance in advanced computing, Elon Musk announced that SpaceX will build its future platforms exclusively using Nvidia technology. According to reports, Musk praised the Vera Rubin platform during the SpaceX earnings call, stating that the company decided to build its infrastructure entirely on Nvidia's architecture due to its technical superiority. This announcement positively impacted investor sentiment, with Nvidia shares rising in extended trading following the comments.
This exclusive partnership comes amid significant momentum in the semiconductor market, with peer prices showing varied levels per market data; AMD closed at $484.64 and INTC at $91 (close August 03, 2026). Meanwhile, TSM, a key manufacturing partner, stood at $418.505 (close August 04, 2026). SpaceX's shift toward Nvidia reflects a clear preference for the Vera Rubin NVL72 platform over other standard designs available in the market.
Regarding instrument performance, NVDA closed at $211.3401 (close August 04, 2026), while SPCX was at $114.53 (close August 03, 2026). Traders are now monitoring the sustainability of this bullish momentum, particularly as the upcoming calendar shows fewer immediate catalysts following the US Fed's decision to hold interest rates at 3.75% on July 29, 2026.