Futurum Equities' chief market strategist Shay Boloor said Elon Musk's comments on SpaceX's third-quarter earnings call raise questions about whether AI infrastructure can meet surging demand. Musk said the shortage of superintelligence computing capacity will persist for years, and when SpaceX tried to shift some inference workloads to other cloud providers, it could not find available Nvidia GB300, GB200 and H100 systems, Google TPUs or Amazon Trainium chips. Boloor said the shortage extends across nearly every major chip architecture, making it hard to argue the industry faces a broad AI compute glut. SpaceX reported third-quarter revenue of $14.58 billion, beating estimates of $12.74 billion and up 161% year over year, with its Super Intelligence business generating $7.6 billion, up 830%. Third-quarter capital expenditures totaled $19.6 billion, and the company expects capital expenditures of $35 billion to $40 billion in the fourth quarter.
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SpaceXNVDAsemiconductorsartificial intelligence
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NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/22/2026 | 212.21 |
| Change that session | -4.40% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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