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SpaceX and xAI are building one of the largest compute fleets on the planet. We estimate about 1.3 million chips by mid-2029. This supply-side breakdown sizes the build, splits what gets kept from what can be leased, and shows the hyperscaler call is xAI's choice to make.

Either Way Is on the Table

Jun 23, 2026

On June 23, 2026, SpaceX flew the first demo of Starfall, an uncrewed, disk-shaped capsule that can return about 1,000 kg of payload from orbit. The combination of Starship and Starfall will dramat...

Jun 23, 2026

SpaceX held approximately $100.8 billion in cash and cash equivalents as of June 19, 2026, up from $15.9 billion at the end of Q1 2026, per its IPO prospectus and subsequent filing. The jump came a...

Jun 22, 2026

SpaceX has signed a computing power agreement with Reflection AI, an Nvidia-backed open-source AI startup, granting it immediate access to Nvidia GB300 chips at the Colossus 2 data center in Memphi...

Jun 18, 2026

NASA announced a public-private partnership with Relativity Space to develop and fly the Aeolus Mars atmospheric science mission, targeted for a 2028 launch. NASA Administrator Jared Isaacman unvei...

Jun 18, 2026

Blue Origin CEO Dave Limp confirmed on June 17, 2026 at the VivaTech conference in Paris that reconstruction of Launch Complex 36 at Cape Canaveral Space Force Station had begun the previous day, f...

Jun 18, 2026

SpaceX priced its inaugural offering of senior unsecured notes on June 23, 2026, raising $25 billion, upsized from an initial target of at least $20 billion. The notes priced across five tranches: ...

Jun 18, 2026

On June 18, 2026, Moody's, Fitch Ratings, and SP Global Ratings each assigned SpaceX its first investment-grade credit ratings: Baa1 (Moody's, stable outlook), BBB+ (Fitch), and BBB (SP). Moody's c...
Analysis
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SpaceX disclosed the first specification for AI1, its first orbital compute satellite, in June 2026. We reconstruct the satellite subsystem by subsystem from the published figures and the Mach33 Orbital Data Center model, which had already placed both the first unit and the optimized unit inside the range SpaceX has now confirmed. The reconstruction shows a satellite optimized for a single 150 kW figure. Solar, compute, and radiator are all designed to handle a 150 kW load.

Jun 16, 2026

SpaceX agreed on June 16, 2026 to acquire Anysphere, the maker of the Cursor coding agent, for $60 billion in an all-stock deal, its first major acquisition since going public last week, per CNBC. ...
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