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Series of events · SpaceX

SpaceX expands AI operations and arranges financing

SpaceX reports revenue growth, expands its AI business and announces financing and hardware agreements.

9 eventsWed to MonSPCX+0.9%SMCI0.0%NFLX-4.2%T+0.3%GS+2.6%TSLA+6.3%

Updated

The flow in 3 points

  1. Third-quarter revenue jumped 161 percent to $14.58 billion
  2. Over 130 organizations signed up for the initial Grok developer program rollout
  3. SpaceX agreed to lease $40 billion in GPUs and related hardware

What happened, in order

Times are Eastern

  1. Where it began

    Shares extend gains

    SpaceX shares rose 10 percent, extending gains for a third day and posting their largest advance since August.

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  2. Revenue jumps

    SpaceX shares rose 10 percent after third-quarter revenue jumped 161 percent to $14.58 billion.

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  3. Construction pay premium

    SpaceX is paying volunteers a 20 percent premium for six-week assignments expanding AI data centers in Tennessee and Mississippi through December 31.

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  4. Grok program opens

    SpaceX launched a program for businesses building applications with Grok, with over 130 organizations signed up for the initial rollout.

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  5. Borrowing deal nears completion

    SpaceX is completing a $40 billion borrowing deal, with rates near 8.3 percent for its lowest-rated portion.

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  6. Financing reportedly closes

    SpaceX reportedly closed $40 billion in debt financing to purchase GPUs, with Elon Musk saying it maintains investment-grade status.

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  7. GPU financing announced

    Elon Musk said SpaceX finalized a $40 billion debt arrangement to purchase GPUs.

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  8. Price target rises

    Bernstein raised its SpaceX price target from $248 to $268, citing improved prospects for terrestrial AI growth.

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  9. Latest

    GPU lease agreed

    SpaceX agreed to lease $40 billion in GPUs and related hardware from an entity managed by Apollo Global Management.

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How they connect

The series begins with share gains and revenue growth, followed by AI construction and developer program updates. Borrowing and GPU financing announcements follow, then a price target increase and a GPU lease agreement.

What to watch

  • AI data center assignments through December 31
  • SpaceX's goal to add 10 gigawatts of capacity by 2027

The stocks in this series

  1. SPCX+0.9%SpaceX$148.79
  2. SMCI0.0%Super Micro$32.94
  3. NFLX-4.2%Netflix$63.11
  4. T+0.3%AT&T$21.00
  5. GS+2.6%Goldman Sachs$898.22

Prices from Live · updated 1:30 PM ET. Each tile opens the stock's chart and news.

All series of events

A series is a short summary of connected news, for learning. Not verified and not advice. Check the full stories before you act.