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SpaceX stock could nearly double as its Nvidia-powered AI expansion unlocks new revenue opportunities, according to Oppenheimer. The firm raised its price target to $280 from $250, implying 99% upside, citing SpaceX's vertically integrated AI platform combining proprietary data, capital, and Nvidia GPUs. SpaceX's first Starmind AI1 satellite will pair 72 Rubin GPUs with 36 Vera CPUs. Oppenheimer said new Nvidia Rubin chips could achieve one-year payback amid strong AI compute demand. SpaceX expects to exceed 2 GW of compute by year-end 2026 and approach 10 GW by year-end 2027. Deepwater estimated SpaceX already contributes nearly $5 billion, or 5%, of Nvidia's quarterly revenue.

Starlink discount attracts 2,000 users in Memphis amid data center complaints. Starlink's 50% off deal seems appealing enough to convince some residents in the Memphis area to dump their traditional ISPs for the satellite internet service. Principal Reporter OUR EXPERT When he's not battling bugs and robots in Helldivers 2, Michael is reporting on AI, satellites, cybersecurity, PCs, and tech policy. Edited By: September 2, 2026 Discounted Starlink has been gaining traction in Memphis, Tennessee, according to SpaceX. On Wednesday, SpaceX's AI arm reported that about 2,000 customers in the greater Memphis and Southaven area had signed up for Starlink since late June. That's when the company began offering its satellite internet service at a bargain amid complaints about its noisy data center. The rare discount is still available for residents in Memphis and bordering Southaven, Mississippi, slashing the price of Starlink residential plans by 50% to $27.50 to $65 per month. You May Also Like Nvidia's RTX Spark Is Going to Be a Slow Burn Starlink managed to attract customers even though the region is fairly urban/suburban and already home to several traditional internet service providers. This includes AT&T and Xfinity, which offer faster fiber connections for as low as $35 or $40 per month. Starlink has been a more popular option for users in rural and remote areas who lack high-speed internet options. But it looks like the deep discount on SpaceX's satellite internet service has convinced some people to switch. "My Xfinity bill is outrageous. Looking for relief," wrote one user in a Reddit thread for Memphis residents in June. Others complained about reliability issues with their existing ISP or cited Xfinity's infamous 1.2TB monthly data cap. Another possibility is users adopting Starlink as a cheap backup internet solution. Still, other users on social media have described the Starlink discount as a "bribe." Satellite industry analyst Tim Farrar also noted that 2,000 is a relatively small number for the area; Memphis's population is 609,000. Globally, Starlink has over 13 million customers. SpaceX began offering the discount after the expansion of its data centers in the area faced protests and lawsuits over the jet-engine-like noise and gas turbine use at the site. "Communities in Memphis and North Mississippi aren't asking for discounted internet service - they're asking xAI to shut down its illegal, unpermitted power plant that continues to pump out staggering amounts of harmful pollution," the Southern Environmental Law Center previously told PCMag. Last month, SpaceX announced it would phase out the 69 mobile gas turbines at the site by July 2027. The plan is to replace the power generation with 41 permanent turbines authorized under a Clean Air Act permit, with the goal of reducing potential pollution and noise. "We're committed to responsibly powering our supercomputers while minimizing the impact on our surrounding communities," the company tweeted on Monday after powering down 11 of the mobile gas turbines. SpaceX also offers the same Starlink discount to residents along the coast of Louisiana, where the company plans to build a new spaceport that could also face concerns about environmental and noise impacts. About its expert. Michael Kan Principal Reporter Experience I've been a journalist for over 15 years. I got my start as a schools and cities reporter in Kansas City and joined PCMag in 2017, where I cover satellite internet services, cybersecurity, PC hardware, and more. I'm currently based in San Francisco, but previously spent over five years in China, covering the country's technology sector. Since 2020, I've covered the launch and explosive growth of SpaceX's Starlink satellite internet service, writing 600+ stories on availability and feature launches, but also the regulatory battles over the expansion of satellite constellations, fights with rival providers like AST SpaceMobile and Amazon, and the effort to expand into satellite-based mobile service. I've combed through FCC filings for the latest news and driven to remote corners of California to test Starlink's cellular service. I also cover cyber threats, from ransomware gangs to the emergence of AI-based malware. In 2024 and 2025, the FTC forced Avast to pay consumers $16.5 million for secretly harvesting and selling their personal information to third-party clients, as revealed in my joint investigation with Motherboard. I also cover the PC graphics card market. Pandemic-era shortages led me to camp out in front of a Best Buy to get an RTX 3000. I'm now following how the AI-driven memory shortage is impacting the entire consumer electronics market. I'm always eager to learn more, so please jump in the comments with feedback and send me tips. Areas of Expertise Latest By Michael Kan

SpaceX has reshuffled its data centre leadership after engineering concerns and reliability problems emerged at facilities in Tennessee and Mississippi, The Information reported. The shake-up comes as Elon Musk races to expand SpaceX's AI infrastructure business ahead of a 30 September capacity deadline tied to Google's $920 million-a-month compute deal. Jake Palmer, who led physical infrastructure for SpaceXAI, left in late July alongside several other data centre executives. Some facilities operated for months without backup cooling and power systems, the report said. Google agreed to pay SpaceX $920 million monthly at full capacity for access to roughly 110,000 Nvidia GPUs. SpaceX must deliver the committed GPUs by 30 September or face potential contract termination after a one-month grace period.