Analyst: If SpaceX Delivers Even a Quarter of Elon Musk's Promised Compute, Nvidia Could Hit $1 Trillion in Revenue

The article argues that Nvidia could see massive upside if SpaceX follows through on Elon Musk’s AI compute buildout. Musk said SpaceX will use Nvidia’s Vera Rubin chips exclusively and suggested 20 GW of compute capacity by end-2027, or at least near 15 GW even with delays. Melius analyst Ben Reitzes estimates that just 2-3 GW of that plan could add about $100 billion in incremental Nvidia revenue, reinforcing a bullish long-term demand case. The piece also notes Nvidia’s already huge growth, with Q1 FY2027 revenue of $81.615 billion and data center revenue of $75.246 billion, while management guided Q2 revenue to $91 billion. Melius kept its Buy rating and $400 target, and the article frames SpaceX as a potentially transformative customer that could help Nvidia approach $1 trillion in revenue over time.