Some corporate ambitions are so audacious they sound like science fiction, and Elon Musk's latest may be one of them. It was reported earlier this week that he's “highly confident” his rocket company, SpaceX (NASDAQ: SPCX), will begin launching NVIDIA Corporation's (NASDAQ: NVDA) most advanced AI computers into orbit as early as next year. If it happens, this will be the first step toward a future where artificial intelligence is powered not by data centers on Earth, but by satellites circling above it.
The plan itself is not new, but Musk's confidence in a 2027 start is, and that near-term timing is what makes it worth a fresh look. It sounds outlandish, and in many ways it is. Yet it ties two of the market's most closely watched companies to a wholly new frontier for computing, and for two stocks that could each use a fresh catalyst, this is one to watch.
Both have had a decent run of late, with SpaceX shares up around 45% since the start of August and NVIDIA climbing roughly 10% over the same stretch, though both are roughly flat over the past month.
A bold new growth story could give each of them a reason to break out, which is precisely why this orbital plan, however far-fetch...