Space Exploration Technologies Corporation plans to deploy its first constellation of artificial intelligence satellites equipped with Nvidia processors in the final quarter of 2027, with CEO Elon Musk saying orbital computing may eventually be cheaper and less environmentally damaging than terrestrial data centers. Musk expects the infrastructure to reach operational scale by 2028. Nvidia CFO Colette Kress said on the company’s August 26 quarterly earnings call that its Vera Rubin computing platform had entered full-scale production, with shipments going to Oracle, Amazon and SpaceX. Regulatory filings show Nvidia owns 122.8 million SpaceX shares, giving it both supplier and investor roles. SpaceX also completed its $60 billion all-equity acquisition of AI coding platform Cursor in August 2026; Cursor generates more than $1 billion in annualized revenue. Evercore ISI sees orbital computing as a potential growth avenue but forecasts no substantial SpaceX revenue contribution before fiscal 2029. Its models show 1 gigawatt of space-based capacity becoming operational in 2029, expanding to 8 gigawatts in orbit and 10 gigawatts on the ground by year-end. Musk has cited orbital platform costs of $30 to $50 per watt. Evercore retains an Outperform rating and a $230 target, while the consensus target is $228.59, implying approximately 61% appreciation potential from current trading levels. The overall analyst rating is Moderate Buy, based on 24 buy, six hold and three sell recommendations. The project faces difficult thermal-management requirements, including a Brookings Institute estimate that one orbital data facility could require radiator arrays covering 2.15 million square feet, as well as solar radiation, space-debris collision risks and possible regulatory delays. The central uncertainty is whether SpaceX can move from a 2027 demonstration launch to a commercial network in later years.