SpaceX Bets Big on Nvidia Chips While Building Its Own

On August 4, 2026, Elon Musk said SpaceX will use only Nvidia chips for its AI work. Two days earlier, SpaceX's first financial report showed computing deals worth over $25 billion a year. But in April 2026, SpaceX told investors its Terafab project aims to make its own chips to reduce supply risk. One company, two opposite plans: commit to one supplier while racing to replace it.