Key Takeaways
- SpaceX is actively evaluating Texas sites for additional AI-focused data center facilities
- Matt Bryson from Wedbush reports industry supply chain checks showing substantial SpaceX component orders targeting 2027 and later
- The potential Texas facilities would complement current Colossus installations in Memphis, alongside a third Memphis location currently in progress
- Nvidia stands to benefit significantly from SpaceX’s accelerating compute infrastructure investments
- The company’s Q2 financial results are scheduled for August 4, with analysts projecting approximately $6.93B in revenue
SpaceX is actively scouting locations across Texas for new data center construction, expanding beyond its current artificial intelligence infrastructure concentrated in Memphis, Tennessee. Matt Bryson, an analyst with Wedbush Securities, highlighted this development in a Thursday research note, indicating the information aligns with intelligence gathered from supply chain sources.
Space Exploration Technologies Corp., SPCX
According to Bryson’s findings, SpaceX has been procuring significant volumes of hardware components intended to support data center operations starting in 2027 and extending into future years. This procurement activity, he explained, demonstrates sustained robust interest in AI computing capacity.
The company currently operates its Colossus data center network in Memphis. The inaugural Colossus facility launched in July 2024 following approximately four months of construction. Colossus 2 construction commenced in March 2025, while a third Memphis location has entered the development phase.
Additionally, SpaceX acquired an 810,000-square-foot warehouse property in Mississippi during 2025. The Texas initiative represents another geographic expansion in what has evolved into an aggressive infrastructure growth strategy.
Bryson acknowledged SpaceX’s track record of priming supply chains for higher demand levels than what eventually materializes. He cited the Colossus project as a case study ā genuine and capital-intensive, yet the supply chain had been prepared for even larger-scale deployment.
Reports surfaced regarding a $52 billion server order allegedly placed by SpaceXAI with manufacturing partner Foxconn, though Elon Musk subsequently dismissed the claim as “fake news.” Wedbush isn’t accepting that specific dollar amount as accurate but maintains confidence in the fundamental demand trends.
Implications for Nvidia
Bryson indicated the AI computing infrastructure expansion presents positive implications for Nvidia. Hyperscale data center projects like those SpaceX is developing demand extensive volumes of cutting-edge semiconductor chips and server equipment.
Nvidia has maintained a prominent position within major AI infrastructure investment cycles, and Wedbush interprets SpaceX’s expansion trajectory as an additional growth catalyst for the semiconductor manufacturer.
NVDA shares declined approximately 1.56% during Friday’s session, while SPCX showed modest losses in premarket activity.
August 4 Earnings in Focus
SpaceX is scheduled to unveil Q2 financial performance on August 4. This marks the company’s inaugural quarterly disclosure following its transition to public markets.
Analyst consensus anticipates revenue approaching $6.93 billion alongside a per-share loss of $0.22. During Q1, SpaceX delivered $4.7 billion in revenue with a per-share loss of $1.27.
Market participants will pay particular attention to any statements from Musk regarding artificial intelligence capital expenditure strategies or data center deployment schedules.
SPCX holds a Moderate Buy rating consensus on TipRanks, supported by 23 Buy recommendations, six Hold ratings, and one Sell rating since the company’s public debut. The consensus price target stands at $239.04, representing approximately 102% upside from current trading levels.
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