Musk Reveals SpaceX Chipmaking Push, Targets March 2028 Mass Production
SPCX sits 52% above its 52-week low of $104.83.
Summary
Musk told investors on the post-Q3 call that SpaceX is exploring in-house chip manufacturing, aiming for mass production in March 2028 — though his own remarks put it at Q3 2028 at the Terafab site in Gibbons Creek. First working test chip, likely SRAM, is targeted for May or June next year at an Austin research wafer facility. He called the timelines uncertain and ambitious, and thanked ASML and other suppliers for speeding equipment deliveries. This lands right after the Q3 8-K showing revenue of $14.6B, up 161% YoY, and net income of $4.4B — a company already spending heavily on AI infrastructure now signaling vertical integration into silicon. It's a long-dated ambition, not near-term revenue, but it expands the capex story and adds a new competitive angle versus chip suppliers.
At the time of this announcement, SPCX was trading at $159.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $2T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Binance News.