Key Takeaways
- SpaceX is actively exploring potential locations in Texas for constructing additional AI-focused data center facilities
- According to Wedbush analyst Matt Bryson, supply chain intelligence indicates substantial component orders from SpaceX targeting 2027 and later years
- This Texas initiative follows the company’s operational Colossus facilities in Memphis and an additional Memphis location currently in development
- Nvidia stands to gain significantly from SpaceX’s accelerating infrastructure investments
- The company’s Q2 financial results are scheduled for release on August 4, with analyst consensus projecting approximately $6.93B in quarterly revenue
SpaceX is pursuing plans to establish data center operations in Texas, expanding beyond its current AI computing infrastructure based in Memphis, Tennessee. Matt Bryson, an analyst with Wedbush Securities, highlighted this strategic direction in Thursday communications with clients, noting alignment with intelligence gathered from supply chain sources.
Space Exploration Technologies Corp., SPCX
According to Bryson’s research, SpaceX has been procuring significant volumes of hardware components to facilitate data center infrastructure deployments projected for 2027 and beyond. This procurement activity, he explained, demonstrates persistent robust demand for artificial intelligence computing capabilities.
The company currently operates its Colossus data center complex in Memphis. The initial Colossus facility launched in July 2024 following approximately four months of construction. Development of a second Colossus site commenced in March 2025, with a third Memphis location now in the construction phase.
Additionally, the company acquired an expansive 810,000-square-foot warehouse facility in Mississippi during 2025. The Texas initiative represents the next chapter in an aggressively expanding infrastructure strategy.
Bryson acknowledged SpaceX’s track record of preparing supply chains for capacity levels that sometimes exceed actual deployment. He referenced the Colossus project as illustrative—a substantial and costly undertaking, yet the associated supply chain had been configured for even larger scale operations.
Reports emerged of a $52 billion server procurement agreement between SpaceXAI and Foxconn, though Elon Musk subsequently dismissed these claims as “fake news.” While Wedbush doesn’t endorse that specific valuation, the firm maintains confidence in the fundamental demand trajectory.
Implications for Nvidia
Bryson indicated that this AI computing infrastructure expansion represents positive momentum for Nvidia. Hyperscale data center projects similar to SpaceX’s developments necessitate considerable volumes of cutting-edge processors and supporting server equipment.
Nvidia has maintained a prominent position in major AI infrastructure investment cycles, and Wedbush views SpaceX’s growth trajectory as an additional catalyst for the semiconductor manufacturer.
NVDA shares declined approximately 1.56% during Friday’s session, while SPCX showed marginal weakness in premarket activity.
Focus Turns to August 4 Financial Release
SpaceX has scheduled its Q2 financial disclosure for August 4. This marks the company’s inaugural quarterly earnings announcement following its public market debut.
Analyst expectations center on revenue of approximately $6.93 billion alongside a projected loss of $0.22 per share. The company’s Q1 performance showed $4.7 billion in revenue with a loss of $1.27 per share.
Market participants will pay particular attention to any statements from Musk regarding AI capital expenditure strategies or data center implementation schedules.
SPCX holds a Moderate Buy consensus rating on TipRanks, derived from 23 Buy recommendations, six Hold ratings, and one Sell rating since the company’s initial public offering. The mean analyst price target stands at $239.04, representing approximately 102% upside from current trading levels.
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