SpaceX partners with Nvidia for orbital AI, unveils Starmind; validates Vera Rubin architecture and expands TAM

SpaceX announced an exclusive partnership with Nvidia for all AI, on Earth and orbit, unveiling Starmind carrying full Vera Rubin NVL72 racks. The deal targets 2 GW of compute by year-end and 10 GW by 2027, signaling massive demand for Nvidia's chips in space-based inference. Melius analyst estimates even 2-3 GW could add $100B revenue, with a $400 price target. AMD's record quarter was overshadowed. This is a new growth vector beyond terrestrial data centers and reinforces Nvidia's dominance in AI infrastructure.