SpaceX SPCX shares climbed on Thursday, recovering from the previous session’s losses as investors responded to the company’s ambitious artificial intelligence infrastructure plans ahead of the Starship Flight 15 launch.
The stock gained roughly 2% to around $142.60 at 1:05 PM EDT, recovering from the 2.3% decline on Wednesday.
The rebound came as the broader technology market also stabilized, with investors assessing the implications of the exit of Jensen Huang as the CEO of Nvidia.
The company has increasingly positioned itself as more than a rocket and satellite communications business and developments regarding it were helping the stock on Thursday.
$74 billion supercomputer ambitions
SpaceX announced plans to invest more than $74 billion in two massive AI supercomputing campuses, marking a significant expansion of its computing ambitions.
Around $24 billion is earmarked for a facility at its Starbase location in Texas, which will generate its own electricity. Another $50 billion is planned for a campus in Cochise County, Arizona.
The Arizona project, which still requires county approval, is expected to generate approximately 5,500 construction jobs and 1,000 permanent positions.
The Texas facility is already seeing substantial construction activity and is planned to include its own power generation infrastructure.
The scale of the investment highlights how quickly SpaceX is expanding into AI computing alongside its traditional rocket launches and Starlink satellite business.
AI-related activities generated more than half of SpaceX’s third-quarter revenue, surpassing its traditional businesses.
Jensen Huang’s exit and Musk’s response
Another development attracting investor attention is the departure of Jensen Huang from Nvidia.
Following the controversy surrounding his personal relationships and an investigation into whether he had been targeted by a Chinese intelligence operation, Huang resigned from Nvidia on Thursday.
A day ago, Musk responded to an online suggestion that he hire the longtime chip industry executive by writing that it “would be an honor.”
The two have worked closely on AI infrastructure, with Nvidia supplying chips used in Musk’s computing projects. SpaceX has also explored the possibility of building data centers in space.
The comment has fueled speculation about whether Huang could eventually join one of his companies with Polymarket putting a 10% chance on the the outgoing Nvidia boss collaborating with Musk before the end of this year.
Starship Flight 15 excitement
Investors are also looking ahead to Starship Flight 15, which SpaceX is targeting for Friday, November 13, subject to regulatory approval.
The mission is expected to deploy 26 next-generation Starlink V3 satellites and attempt something the company has never achieved before: catching both the Super Heavy booster and the Starship upper stage at the launch tower.
A successful recovery would mark a major milestone toward making the entire orbital launch system rapidly reusable.
This could eventually reduce launch costs and make it easier for SpaceX to expand satellite deployments and pursue its longer-term orbital computing ambitions.
The mission is particularly important because the company is moving toward a more ambitious version of Starship designed to support larger payloads and more frequent launches.
AI disclosure: AI tools assisted with research and drafting of this piece. An Invezz editor reviewed the facts, sources and wording before publication. Any opinions or analysis are Invezz’s, not those of an automated system.
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