- Elon Musk denied a report that SpaceX placed a $52 billion AI server order with Foxconn, calling it “fake news” on X.
- Dell and Super Micro have traditionally supplied AI servers to SpaceX, and the rumored deal would have been a blow to both companies.
- Both stocks recovered slightly in premarket trading after Musk’s denial, though they remain down sharply in July.
- Stocktwits retail sentiment was ‘neutral’ on Dell and ‘bearish’ on Super Micro on Monday.
SpaceX CEO Elon Musk denied a report that the rocket company had placed a $52 billion order with Foxconn for NVIDIA-powered AI servers, sending Dell Technologies and Super Micro Computer shares higher in early premarket trading on Monday. “This is fake news,” Musk said on X in response to a now-deleted post summarizing the speculated agreement.
The original report from Taiwan’s Economic Daily claimed that SpaceX was planning to secure more than 13,000 AI server racks powered by Nvidia’s GB300 chips for $4 million per rack. Dell and Super Micro have traditionally supplied AI servers to SpaceX, and the rumored Foxconn deal would have been a blow to the companies while giving Foxconn a major push in North America.
Before Musk’s denial, the report was widely discussed among X users, with Citrini analyst Jukan writing that Foxconn had displaced Dell and Super Micro and claimed deliveries would begin in late 2026. Like other AI-linked stocks, both companies have seen a sharp pullback in recent weeks as investors rotated out of AI highfliers into Big Tech and software stocks.
Dell is down 8% in July, while Super Micro slipped 18%. On Stocktwits, retail sentiment was ‘neutral’ on Dell and ‘bearish’ on Super Micro, even as traders continued to post as though the SpaceX-Foxconn reports were true.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
