Space Exploration Technologies Corp. (NASDAQ:SPCX), commonly known as SpaceX, is estimated to account for about 5% of Nvidia Corp. (NASDAQ:NVDA) revenue, up from roughly 3% in the previous quarter, according to Gene Munster of Deepwater Asset Management. Applied to Nvidia’s $96.2 billion second-quarter revenue, the estimate implies SpaceX-related sales of nearly $4.8 billion, although Nvidia has not disclosed SpaceX’s contribution or identified the customer involved. Nvidia said it moved one company into its largest cloud-and-internet customer group after a business-model change. Munster said the reclassification makes sense because SpaceX is becoming a hyperscaler, a large-scale cloud computing provider, with 8GW of capacity coming online next year, alongside $META and $AMZN. Nvidia said SpaceXAI will use its new Vera processors and the Vera Rubin platform to expand Grok’s computing infrastructure, while also deploying Nvidia technology in orbit through its first Starmind artificial intelligence satellite. The accounting change alters the apparent growth mix between Nvidia’s artificial intelligence cloud, industrial and enterprise group and its largest cloud and internet customers. Nvidia nevertheless reported revenue of $96.22 billion, up 106% year over year, with data-center sales more than doubling to $89 billion and adjusted profit of $2.22 per share. It forecast about $108 billion in third-quarter revenue, excluding China data-center computing sales, and expects gross margin to ease from 75% to about 74%.