Musk calls $52B SpaceX-Foxconn Nvidia GPU deal report "fake news"
A rumor that spread from Taiwan's Economic Daily claiming SpaceX had ordered roughly a million Nvidia GB300 GPUs through Foxconn for about $52 billion was directly denied by Elon Musk on X, who called it "fake news" — with SpaceX, Nvidia and Foxconn all staying silent on the unconfirmed report, it's a reminder to fact-check big AI-infrastructure claims tied to Musk's companies before they take hold.
The rumor gained traction after Taiwan's Economic Daily reported over the weekend that Foxconn had won its first AI-server manufacturing project for SpaceX — with specifics circulating fast on X: 13,000 racks at roughly $4 million each, about a million Nvidia GB300 GPUs, and a total price tag of $52 billion.
Elon Musk shut it down on X on July 20 in four words: "This is Fake News." None of SpaceX, Nvidia or Foxconn had officially confirmed or even commented on the purported deal.
The rumor spread quickly in part because Musk's companies have genuinely been ramping up large compute investments — xAI recently made headlines for quietly acquiring gas-turbine power producer APR Energy for $1 billion to help power its Grok AI models.
For Tesla shareholders, the direct impact is limited, but with more big SpaceX/xAI contract rumors likely ahead, this episode is a reminder to treat unconfirmed reports about Musk's other companies with caution until officially verified.
Summaries are prepared by the Tesla Briefing editorial team and may not capture every nuance of the original reporting. You are solely responsible for your own investment decisions.