--- title: "Elon Musk Denies Report Claiming Foxconn Won $52 Billion SpaceX AI Server Deal: 'This Is Fake News'" type: "News" locale: "en" url: "https://longbridge.com/en/news/293425246.md" description: "Elon Musk denied reports that SpaceX awarded Foxconn a $52 billion contract to manufacture AI servers, labeling the claim as 'fake news.' The rumor suggested Foxconn would build over 13,000 NVIDIA GB300-powered server racks, potentially breaking Dell and Super Micro's duopoly. Neither company responded immediately. Meanwhile, market strategists noted the deal's potential impact on AI server suppliers, and SpaceX continues expanding its AI infrastructure ambitions." datetime: "2026-07-22T04:58:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293425246.md) - [en](https://longbridge.com/en/news/293425246.md) - [zh-HK](https://longbridge.com/zh-HK/news/293425246.md) --- # Elon Musk Denies Report Claiming Foxconn Won $52 Billion SpaceX AI Server Deal: 'This Is Fake News' Elon Musk dismissed claims that **Space Exploration Technologies Corp** (NASDAQ:SPCX) had awarded Taiwan’s **Hon Hai Precision Industry Co. Ltd.** (OTC:HNHPF) or **Foxconn** a $52 billion contract to manufacture AI servers, saying the report was “fake news.” ## **Report Claimed Foxconn Won $52B SpaceX AI Server Contract** Taiwan’s Economic Daily News reported on Monday that Foxconn had secured its first AI server manufacturing contract from SpaceX to build more than 13,000 **NVIDIA Corp** (NASDAQ:NVDA) GB300-powered AI server racks. Musk responded to an X user who shared the report and said, “Jesus that’s a lot of compute,” replying, “This is fake news.” > This is fake news > > — Elon Musk (@elonmusk) July 20, 2026 Foxconn and SpaceX did not immediately respond to Benzinga’s requests for clarification. **Read Also: SK Hynix Dismisses Intel Ohio Buyout Report: 'We Have No Plans for an Acquisition'** ## AI Server Optimism Extended Beyond Foxconn Market strategist at **Futurum Equities** **Shay Boloor**, before Musk denied the report, said the contract would break what he described as a **Dell Technologies Inc** (NYSE:DELL) and **Super Micro Computer Inc** (NASDAQ:SMCI) duopoly in supplying AI servers to SpaceX, adding that a deal of the reported size would establish Foxconn as a major AI server supplier. > Foxconn has broken into $DELL and $SMCI AI server duopoly by winning its first contract to manufacture $SPCX next-generation $NVDA GB300 systems. > > The reported $52B deal would immediately establish Foxconn as a major AI server supplier. pic.twitter.com/zistSwREFb > > — Shay Boloor (@StockSavvyShay) July 19, 2026 Separately, CNBC’s **Jim Cramer** said Dell could also benefit from robust AI server demand after Super Micro reported stronger-than-expected preliminary quarterly results. “If Supermicro did that well, Dell should be incredible,” Cramer said in a post on X. Dell is scheduled to report fiscal year 2027 second quarter earnings on September 3. > If Supermicro did that well Dell should be incredible > > — Jim Cramer (@jimcramer) July 21, 2026 ## SpaceX Is Betting on AI Infrastructure SpaceX has increasingly positioned AI infrastructure as a long-term growth business beyond rockets and Starlink, with an aim to begin demonstrating space-based AI computing infrastructure by late 2027. The company has also explored leasing AI computing power to the U.S. government, with The Wall Street Journal reporting that SpaceX and the Pentagon have discussed an arrangement under which military and intelligence agencies would run AI models on the company’s data-center infrastructure. Musk said in May that the company was already offering AI compute “at significant scale” through an expanded partnership with **Anthropic** and was in discussions with other companies for similar agreements. **Price Action:** SPCX gained 3.08% on Tuesday at $123.54 and climbed 4.30% in extended trading. **Benzinga edge rankings** indicate SPCX has a negative price trend across the short, medium, and long term. **Read Also: Cyclospora Cases Rise to 4,173 as Recalled Lettuce Outbreak Spreads Across 41 States, Even as Robert F. Kennedy Jr. Says Situation 'Under Control'** **_Disclaimer_:** _This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors._ _Photo Courtesy: Samuel Boivin on Shutterstock.com_ ### Related Stocks - [HNHPF.US](https://longbridge.com/en/quote/HNHPF.US.md) - [SMCI.US](https://longbridge.com/en/quote/SMCI.US.md) - [DELL.US](https://longbridge.com/en/quote/DELL.US.md) - [601138.CN](https://longbridge.com/en/quote/601138.CN.md) - [SMYY.US](https://longbridge.com/en/quote/SMYY.US.md) - [SMCC.US](https://longbridge.com/en/quote/SMCC.US.md) - [SMCL.US](https://longbridge.com/en/quote/SMCL.US.md) - [SMCX.US](https://longbridge.com/en/quote/SMCX.US.md) - [SMCY.US](https://longbridge.com/en/quote/SMCY.US.md) - [SMCZ.US](https://longbridge.com/en/quote/SMCZ.US.md) - [DLLL.US](https://longbridge.com/en/quote/DLLL.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [REG - Hon Hai Prec.Ind.Co - Subsidiary its distribution of dividends](https://longbridge.com/en/news/294335607.md) - [REG - Hon Hai Prec.Ind.Co - Announcement on behalf of subsidiary FII](https://longbridge.com/en/news/293917883.md) - [Dell Technologies joins Open Secure AI Alliance consortium](https://longbridge.com/en/news/293953300.md) - [Dell targets open-weight AI ecosystem to expand choice, control for enterprise deployments](https://longbridge.com/en/news/293813439.md) - [Goldman Sachs Weighs In on SMCI Stock as Shares Jump](https://longbridge.com/en/news/293408920.md)