Bernstein Sees Little Threat to Howmet From SpaceX’s Turbine-Blade Plans (HWM:NYSE)
SpaceX said in-house casting could speed natural gas turbines online by up to 18 months as AI data center power demand strains supply.
- SpaceX plans to manufacture gas turbine blades and vanes at a new foundry in Bastrop, Texas, to accelerate energy projects by up to 18 months, Elon Musk said on Saturday.
- Amid the AI boom, Meta's 'Hyperion' data center requires 10 new gas power plants, while SpaceX has utilized mobile gas turbines powering its Colossus data centers in Mississippi and Tennessee.
- Howmet Aerospace shares tumbled nearly 8% on Monday following the announcement, though analysts at Citi and Bernstein reiterated 'buy' ratings, citing Howmet's more than 50% market share in IGT blade castings.
- Citi analyst John Godyn wrote that the SpaceX move 'reinforces the critical nature of HWM parts,' while Bernstein analyst Douglas Harned noted Howmet has long-term agreements with every major IGT producer.
- Despite a 13% decline over the past month, Howmet remains up 41% over the past year, outperforming the S&P 500 as companies spent $16 billion on AI infrastructure in the second quarter of 2026.
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14 Articles
Business Insider
BizTocElon Musk says SpaceX will build its own gas turbine parts to meet surging AI power demand
Elon Musk said SpaceX will manufacture its own gas turbine parts as it grapples with a global scramble to secure energy supplies for AI data centers.
SpaceX Moves Into Gas Turbine Manufacturing As AI Boom Intensifies U.S. Power Crunch
SpaceX is moving deeper into power generation by building a factory to manufacture gas turbine blades and vanes, as the rapid expansion of artificial intelligence infrastructure intensifies competition for electricity and exposes bottlenecks in the equipment needed to generate it. Elon Musk, SpaceX’s CEO, said on Saturday that the rocket company plans to produce its […] The post SpaceX Moves Into Gas Turbine Manufacturing As AI Boom Intensifies …
SpaceX (SPCX) Shares Gain Ground Following Musk's Power Turbine Manufacturing Announcement
SpaceX (SPCX) stock advanced 1.6% after Elon Musk revealed turbine manufacturing plans. GE Vernova and Howmet Aerospace shares fell in response to the news. The post SpaceX (SPCX) Shares Gain Ground Following Musk’s Power Turbine Manufacturing Announcement appeared first on Blockonomi.
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