It's fake news! Musk denies that SpaceX ordered $52 billion worth of NVIDIA AI servers from Foxconn

Zhitong
2026.07.20 14:54

In response to reports that SpaceX ordered $52 billion worth of NVIDIA AI servers from Foxconn, SpaceX CEO Elon Musk denied the news on social media, calling it "fake news." Previously, media estimates suggested that the order size was close to this figure, but it was not the contract amount. As a result, SpaceX's stock price rose in pre-market trading before falling back

According to the Zhitong Finance APP, regarding reports that SpaceX (SPCX.US) ordered approximately $52 billion worth of NVIDIA (NVDA.US) AI servers from Foxconn, SpaceX CEO Elon Musk denied the news on social media on Monday, stating that the information is "fake news."

Previously, media reports indicated that Foxconn's parent company, Hon Hai Precision Industry Co., Ltd., had received orders for SpaceX's next-generation AI servers, with SpaceX planning to deploy over 13,000 server cabinets based on the NVIDIA GB300 platform. The reports estimated that if each cabinet costs about $4 million, the order value would be close to $52 billion. However, this figure is not the contract amount but rather a theoretical scale derived from the estimated cost per cabinet.

As of the time of publication, neither Hon Hai nor NVIDIA has commented on the related reports.

Citrini analyst Jukan previously stated that Hon Hai has broken the duopoly of Dell (DELL.US) and Supermicro (SMCI.US) in the AI server manufacturing sector, being the first to receive orders for SpaceX's next-generation GB300 AI servers.

Jukan also mentioned that this order has not yet been reflected in Hon Hai's existing performance guidance, indicating that the company's AI business growth momentum may far exceed market expectations. Coupled with strong performance from its subsidiary FII, market expectations for Hon Hai's performance in the second half of the year have significantly increased.

Affected by the related news, SpaceX's stock rose about 1% in pre-market trading on Monday, but erased all gains after the market opened, currently down 1.77%. As Musk publicly denied the authenticity of the reports, the market began to reassess the credibility of the related rumors

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