--- title: "ETF Movement | Southern 2X Long NVIDIA rises over 7% as SpaceX plans to launch the Starmind satellite equipped with NVIDIA's AI computing architecture" type: "News" locale: "en" url: "https://longbridge.com/en/news/294904036.md" description: "Southern 2X Long NVIDIA rose over 7%. On the news front, SpaceX CEO Elon Musk announced the exclusive use of NVIDIA's AI technology, planning to launch the Starmind satellite equipped with NVIDIA's Vera Rubin architecture next year, extending computing power to near-Earth orbit. SpaceX expects its computing capacity to exceed 2 gigawatts by the end of the year and nearly 10 gigawatts by the end of next year, with its Q2 capital expenditures soaring to $18.4 billion, of which AI business accounts for 86%" datetime: "2026-08-05T03:23:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294904036.md) - [en](https://longbridge.com/en/news/294904036.md) - [zh-HK](https://longbridge.com/zh-HK/news/294904036.md) --- # ETF Movement | Southern 2X Long NVIDIA rises over 7% as SpaceX plans to launch the Starmind satellite equipped with NVIDIA's AI computing architecture According to Zhitong Finance APP, the Southern 2X Long NVIDIA (07788) has risen over 7%, currently up 7.64%, priced at HKD 169, with a trading volume of HKD 835,300. On the news front, on August 4th, during a SpaceX investor conference call, CEO Elon Musk announced that the company has decided to exclusively use NVIDIA technology for AI computing power construction. Musk stated that SpaceX believes NVIDIA's Vera Rubin architecture "is currently the best AI computer" and plans to launch the Starmind satellites equipped with NVIDIA Vera Rubin NVL72 rack systems next year, extending AI computing power to near-Earth orbit. Musk revealed that SpaceX expects its computing capacity to exceed 2 gigawatts (GW) by the end of this year and approach 10 GW by the end of next year. Additionally, the company plans to deploy NVIDIA Vera Rubin NVL72 rack systems on both the ground and space ends for the "Starmind" satellite project, with related satellite launches expected to begin next year. Furthermore, it is worth mentioning that SpaceX's capital expenditures have significantly increased, with the company's capital expenditure in the second quarter amounting to approximately USD 18.4 billion, compared to only USD 2.83 billion in the same period last year, of which capital expenditures related to AI business were about USD 15.8 billion, accounting for 86% of total capital expenditures ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [NVD.US](https://longbridge.com/en/quote/NVD.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [NVDB.US](https://longbridge.com/en/quote/NVDB.US.md) - [NVDG.US](https://longbridge.com/en/quote/NVDG.US.md) - [NVDO.US](https://longbridge.com/en/quote/NVDO.US.md) - [NVDW.US](https://longbridge.com/en/quote/NVDW.US.md) - [NVYY.US](https://longbridge.com/en/quote/NVYY.US.md) - [NYYY.US](https://longbridge.com/en/quote/NYYY.US.md) - [DIPS.US](https://longbridge.com/en/quote/DIPS.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.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) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [09388.HK](https://longbridge.com/en/quote/09388.HK.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [Firmus nearly doubles valuation to over $10.5 billion in 4 months with Nvidia-backed fundraise](https://longbridge.com/en/news/295169706.md) - [SpaceX clears estimates for first public report, revenue soars 92%](https://longbridge.com/en/news/294865402.md) - [BUZZ-Street View: SpaceX's AI vision wins praise but spending, lockup concerns linger](https://longbridge.com/en/news/294957196.md) - [SpaceX Earnings Preview: The Five Questions That Matter Most](https://longbridge.com/en/news/294821183.md) - [SpaceX shares rise even as company insiders get a chance to sell for the first time](https://longbridge.com/en/news/295212780.md)