Jun. 22 at 6:50 PM
SpaceX raised
$85B on its IPO.
Now that money has to be spent, and it will move through the whole value chain.
These are the key suppliers and beneficiaries:
SpaceX & Starlink
Design:
$ACM
xAI & Colossus
Chips & Compute:
$NVDA $DELL $SMCI $ANET
If SpaceX truly enters an
$85B capital spending cycle, the real opportunity may not only be SpaceX itself—but the entire AI + aerospace + data center supply chain.
ACM plays a key role in engineering design and large-scale infrastructure planning across aerospace and data centers. NVDA remains the core engine of AI compute. DELL and SMCI provide AI servers and system-level deployment, enabling real-world compute scaling. ANET benefits from high-speed networking in data centers.
The core theme: capital flows from compute → servers → networking → engineering design as AI and space infrastructure expand simultaneously.
in this super capex cycle, do you prefer NVDA as the core compute leader, or infrastructure multipliers like SMCI/ANET, or upstream engineering exposure like ACM?
