Musk Calls Reported $52B Foxconn AI Server Deal 'Fake News'

Elon Musk Denies $52B SpaceX AI Server Deal; Dell and SMCI Stocks Rise

Elon Musk moved to quash fevered market speculation on Monday, denying that SpaceX had struck a $52 billion (£38.6 billion) deal with Foxconn for Nvidia-powered AI servers, as shares in existing suppliers Dell Technologies and Super Micro Computer edged higher in premarket US trading. SpaceX was preparing to buy more than 13,000 AI server racks from Foxconn, each allegedly powered by Nvidia's next-generation GB300 chips and priced at about $4 mi…

Dell (NYSE: DELL) And Super Micro (NASDAQ: SMCI) Shares Climb After Elon Musk Labels $52B Foxconn AI Server Deal "Fake News"

Dell Technologies (NYSE: DELL) and Super Micro Computer (NASDAQ: SMCI) each edged higher in early premarket trading on Monday, recovering from overnight losses triggered by a widely circulated report. The report, originally published by Taiwan’s Economic Daily, claimed that SpaceX had placed a $52 billion order with Foxconn for Nvidia-powered AI servers. According to the report, the deal involved more than 13,000 AI server racks powered by Nvidi…

Elon Musk debunks $52 billion SpaceX-NVIDIA GPU deal

Elon Musk dismissed reports claiming SpaceX had placed a massive order for NVIDIA GPUs worth $52 billion. The denial came hours after Taiwanese media, citing unnamed industry sources, reported that SpaceX planned to acquire approximately 13,000 AI server racks, equating to roughly 1 million GB300 GPUs, from Foxconn. Each rack was estimated at around $4 million, with deliveries potentially starting in late 2025. The story suggested this would mar…

Musk brands US$52 billion SpaceX-Foxconn Nvidia server order 'fake news'

Elon Musk has publicly rejected reports that SpaceX placed a roughly US$52 billion order with Foxconn for Nvidia GB300 AI servers, calling the widely circulated claim

Foxconn wins estimated $52 billion SpaceX AI server order - Economic Daily By Investing.com

Foxconn wins estimated $52 billion SpaceX AI server order - Economic Daily

SpaceX Stock Faces Divergent Forces: $52 Billion Server Deal Offsets Starship Setback and Lockup Jit

SpaceX shares edge up but remain near 52-week low after Starship test abort, as $52B server deal with Foxconn and AI pivot offer mixed outlook. Analysts split on fair value.