SpaceX partners with Nvidia to launch orbital AI computing platform by 2027

Elon Musk is getting serious about putting artificial intelligence (AI) into orbit. The SpaceX (SPCX) CEO is reportedly confident the company can launch Nvidia (NVDA) powered AI systems into space in 2027. SpaceX and Nvidia are working on a space-optimized version of Nvidia's Vera Rubin NVL72 platform, and Musk says the system should be lighter, denser, and cheaper than a traditional data-center rack. That matters because SpaceX is trying to turn orbital computing into a major business, while Nvidia could gain another market for its AI hardware.

The opportunity is much bigger than a headline. SpaceX could eventually sell computing capacity from satellites just as it sells broadband through Starlink. Meanwhile, Nvidia could supply the chips behind that infrastructure. Investors should still remember that this is an emerging business, and commercial scale is not expected immediately. Still, the plan gives both companies another way to capitalize on the AI spending boom.

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SpaceX and Nvidia Have Had Very Different Rides

SPCX stock has been extremely volatile since its debut. Shares hit the market at an initial public offering (IPO) price of $135 in June 2026 and quickly climbed above $225 before falling back toward the $150 area. SpaceX stock remains roughly 11% above its IPO price. Shares have been supported by strong Starlink growth, AI contracts, and growing expectations for Starship, but investors have also worried about massive capital spending and execution risk.

Meanwhile, Nvidia has delivered a much stronger fundamental story. NVDA stock is up roughly 15% year-to-date (YTD), with strong AI infrastructure spending having been a key catalyst. Still, Monday's market selloff showed the downside; Nvidia shares fell on Sept. 14 as investors reacted to fresh warnings about aggressive AI spending and development.

Valuation is where SpaceX looks much more aggressive. Its price-to-sales (P/S) ratio is about 103 times, while its price-to-book (P/B) ratio is about 15.2 times. That is a premium valuation. Investors are already paying for years of future AI, Starlink, and launch growth.

Musk's Orbital AI Plan Could Open a New Market

The Nvidia partnership could become a meaningful catalyst for SpaceX because it adds another use case for the company's rockets and satellite network. SpaceX reportedly plans to deploy orbital computing systems in 2027, while recent agreements with Alphabet (GOOGL) and Anthropic show that customers are already looking for access to its computing capacity. The company has also signed a new $1.1 billion-per-month AI computing agreement, pushing its annualized contracted revenue higher.