# Space Exploration Technologies Stock Gains as Elon Musk Highlights SpaceX Lead and Memory Chip Supply Bottlenecks

- URL: https://stocks.freetheai.org/news/space-exploration-technologies-stock-gains-as-elon-musk-highlights-spacex-lead-a394b2
- Published: 2026-10-13T03:37:53Z
- Category: company_news; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:SPCX](https://stocks.freetheai.org/symbols/NASDAQ-SPCX)
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Shares of Space Exploration Technologies (SPCX) rose 0.5% on Monday to $163.40, marking a second consecutive daily gain. The move came as Chief Executive Officer Elon Musk commented on China's expanding manufacturing capacity while describing SpaceX as an outlier that maintains a dominant launch lead. Broad memory chip stocks declined following plans by Chinese semiconductor firm ChangXin Memory Technologies to release new server memory modules.

The broader semiconductor landscape is critical to SpaceX as it expands into artificial intelligence computing alongside its launch and Starlink operations. Musk noted that global memory chip production is growing at roughly 20% annually while AI demand is surging by over 200%, creating significant supply bottlenecks. The company reported $15.8 billion in AI-related capital expenditures out of $18.4 billion in total capital spending, supported by a multi-year deal where Google will pay $920 million monthly starting in October 2026 for access to GPU computing infrastructure.

To secure long-term semiconductor supply, SpaceX and Tesla are investing an initial $16.8 billion in Terafab, a Texas facility designed to manufacture and package logic and memory chips using Intel's 14A process. Investors will monitor progress on the Texas fab project and whether tightening memory chip supply impacts the execution of SpaceX's AI infrastructure agreements.

## Key points

- Space Exploration Technologies (SPCX) stock gained 0.5% to reach $163.40, marking its second straight daily increase.
- Elon Musk highlighted an AI memory supply deficit, with demand growing over 200% annually while production expands around 20%.
- Google agreed to pay $920 million monthly from October 2026 to June 2029 for access to SpaceX GPU computing infrastructure.
- SpaceX and Tesla are investing an initial $16.8 billion in the Terafab Texas chip facility alongside Intel.

## Questions and answers

### Why did Space Exploration Technologies stock rise?

Space Exploration Technologies stock rose 0.5% as Chief Executive Officer Elon Musk highlighted the company's strong position in orbital launch capacity and outlined plans for artificial intelligence computing expansion.

### What agreement does SpaceX have with Google?

Under a multi-year contract, Google will pay SpaceX $920 million per month from October 2026 through June 2029 to access computing capacity, including approximately 110,000 Nvidia GPUs and supporting infrastructure.

### How is SpaceX addressing memory chip shortages?

SpaceX is partnering with Tesla to invest an initial $16.8 billion in Terafab, a manufacturing facility in Texas that will produce logic and memory chips utilizing Intel's 14A process.