--- title: "SpaceX AI Push Is Getting Bigger — Here's What Wedbush Says" type: "News" locale: "en" url: "https://longbridge.com/en/news/293762284.md" description: "SpaceX is expanding its AI infrastructure with new data centers in Texas, following existing sites in Memphis. Wedbush analyst Matt Bryson confirms strong demand for components from 2027 onward, potentially benefiting Nvidia. As SpaceX prepares for its first quarterly earnings report on August 4, investors anticipate details on AI spending and growth. The stock holds a Moderate Buy consensus with an average price target of $239.04." datetime: "2026-07-24T12:59:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293762284.md) - [en](https://longbridge.com/en/news/293762284.md) - [zh-HK](https://longbridge.com/zh-HK/news/293762284.md) --- # SpaceX AI Push Is Getting Bigger — Here's What Wedbush Says SpaceX (SPCX) is reportedly looking at building data centers in Texas as Elon Musk grows the company's AI business. Wedbush analyst Matt Bryson said the report is in line with the firm's industry checks. Those checks show strong demand from SpaceX for parts needed for its data center plans from 2027 onward. ### Claim 55% Off TipRanks Explore NVDS for 2X short leverage on NVDA The news suggests that SpaceX plans to expand its AI data center network. The company already has large data centers in Memphis and is adding more. New sites in Texas could help SpaceX add even more computing power. ## **SpaceX Expands Its AI Data Center Footprint** SpaceX's AI data center network has grown quickly. Colossus 1 in Memphis opened in 2024, while work on Colossus 2 began in 2025. The company has also started work on a third data center in Memphis. Texas could now become another site for this growth. The plans also point to strong demand for AI computing in the years ahead. The buildout could also benefit Nvidia (NVDA). Large AI data centers need many advanced chips and servers. Bryson believes strong demand for AI computing should support Nvidia as firms such as SpaceX spend more on these systems. ## **SpaceX Q2 Earnings Are Coming Up** Investors could learn more about SpaceX's AI plans when the company reports Q2 results on August 4. Wall Street expects revenue of about $6.93 billion and a loss of $0.22 per share. In Q1, SpaceX reported nearly $4.7 billion in revenue and a loss of $1.27 per share. This will be SpaceX's first quarterly report as a listed company. Investors will look for more details on its spending plans. Any update from Musk could also shed more light on how fast the AI business may grow. ## **What Is SPCX's Stock Price Target?** SPCX stock has a Moderate Buy consensus rating on TipRanks based on 23 Buys, six Holds, and one Sell assigned after its IPO. The average price target for SpaceX is $239.04, implying an upside of 102.16% from the current price. ### Related Stocks - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md) - [SPCF.US](https://longbridge.com/en/quote/SPCF.US.md) - [SPAL.US](https://longbridge.com/en/quote/SPAL.US.md) - [SNK.US](https://longbridge.com/en/quote/SNK.US.md) - [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md) - [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md) - [LOFF.US](https://longbridge.com/en/quote/LOFF.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [SpaceX lockup expiry: Morgan Stanley believes 'largely unchanged' fundamentals create attractive entry point at current levels](https://longbridge.com/en/news/293785215.md) - [SpaceX stock-purchasing by Congress members fuels conflict concerns](https://longbridge.com/en/news/294051253.md) - [SpaceX Stock Has Plunged 45% Since Its IPO Peak — But Don't Panic, Says Goldman Sachs](https://longbridge.com/en/news/294106558.md) - ['Don't Expect More Miracles,' Says Investor About SpaceX Stock](https://longbridge.com/en/news/293529763.md) - ['Buy' SpaceX Stock as Its AI Opportunity Is 'Virtually for Free,' Says Top Analyst](https://longbridge.com/en/news/293480358.md)