SpaceX (SPCX) Stock: Lone Star State Data Center Plans Signal Deeper AI Push

Key Takeaways

Table of Contents

SpaceX is actively exploring potential sites in Texas for constructing additional AI-focused data centers
Analyst Matt Bryson from Wedbush reports industry sources confirm substantial component orders from SpaceX targeting 2027 deployment and beyond
This strategic move complements SpaceX’s current Colossus facilities operating in Memphis, alongside a third Memphis location in development
Nvidia stands to benefit significantly from SpaceX’s accelerating compute infrastructure investments
The company’s Q2 financial results are scheduled for release on August 4, with analyst estimates projecting approximately $6.93B in quarterly revenue

Elon Musk’s SpaceX is actively scouting locations across Texas for new data center development, expanding beyond its current artificial intelligence infrastructure footprint in Memphis, Tennessee. This information comes from Wedbush Securities analyst Matt Bryson, who shared the intelligence with clients on Thursday, emphasizing alignment with supply chain conversations his firm has been monitoring.

Space Exploration Technologies Corp., SPCX

According to Bryson’s research, SpaceX has been procuring significant quantities of hardware components to fuel its data center roadmap starting in 2027 and extending into future years. This procurement activity, he suggests, demonstrates persistent robust demand for artificial intelligence computing capacity.

The company currently operates its Colossus data center facilities in Memphis. The inaugural Colossus 1 launched in July 2024 following a construction period of approximately four months. Construction on Colossus 2 commenced in March 2025, with a third Memphis-based facility now in the pipeline.

SpaceX also acquired an expansive 810,000-square-foot warehouse facility in Mississippi during 2025. The potential Texas expansion represents another geographic leap in what’s emerging as an aggressive infrastructure buildout strategy.

Bryson mentioned that SpaceX has historically prepared its supply chain for demand levels that sometimes exceed actual materialization. He cited Colossus as a case study — a genuine and costly project, yet the supply chain had been organized to accommodate even more ambitious scale.

Reports emerged about a $52 billion server procurement order allegedly placed by SpaceXAI with manufacturing partner Foxconn, though Elon Musk subsequently dismissed these reports as “fake news.” While Wedbush doesn’t accept that specific dollar amount as accurate, the firm maintains confidence in the fundamental demand trends.

Implications for Nvidia

Bryson indicated the artificial intelligence compute expansion represents positive news for Nvidia. Massive data center projects similar to those SpaceX is constructing demand considerable volumes of cutting-edge chips and server hardware.

Nvidia has maintained strong associations with major AI infrastructure investments, and Wedbush interprets SpaceX’s expansion trajectory as providing additional momentum for the semiconductor manufacturer.

NVDA shares declined approximately 1.56% during Friday’s session, while SPCX traded marginally lower in premarket activity.

Attention Turns to August 4 Report

SpaceX has scheduled its Q2 financial disclosure for August 4. This marks the company’s inaugural quarterly earnings announcement following its public market debut.

Financial analysts anticipate approximately $6.93 billion in revenue alongside a per-share loss of $0.22. During Q1, SpaceX delivered $4.7 billion in revenue with a $1.27 per-share loss.

Market participants will scrutinize any remarks from Musk regarding artificial intelligence capital expenditure plans or data center deployment schedules.

According to TipRanks, SPCX holds a Moderate Buy consensus rating, supported by 23 Buy recommendations, six Hold ratings, and one Sell rating since its initial public offering. The consensus price target stands at $239.04, representing approximately 102% upside from current trading levels.

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