Musk Reveals SpaceX Computing Power Rental Plan as AI and Crypto Convergence Deepens
Event details: During SpaceX’s third-quarter earnings call, Musk said the company aims to use roughly half of its AI computing capacity in-house and rent out the other half, adjusting dynamically to market demand and favoring short-term, market-rate rental contracts. The plan is to bring online, by the end of the second quarter of 2027, a training cluster comprising 440,000 Nvidia Vera Rubin chips. Over the next three years, the number of Starlink satellites is expected to grow to around 100,000.
Impact and reasons: SpaceX reported third-quarter net profit of $4.4 billion, far exceeding market expectations of $1.88 billion, while revenue rose 161% year over year. Its stock gained more than 5% after hours. Super Micro Computer also reported strong earnings, and its shares rose 16%. The AI computing shortage is shifting from chips to power, cooling, and infrastructure, directly benefiting the power and data center sectors (such as Vistra, newly listed on Binance bStocks). In crypto markets, AI-themed coins and tokens tied to computing-power narratives are seeing sentiment spill over.
Related assets: Beneficiaries include TAO (current price: $271.40, up 2.11%), $RENDER ($1.856, up 2.65%), and Vistra (on-chain BRKBB and VSTB trading pairs).
Technical levels: $TAO resistance at $278.50, support at $261.90; RENDER resistance at $1.906, support at $1.784.
Outlook: The correlation between AI earnings season and crypto markets has strengthened significantly this week. Bitcoin’s co-movement with the Nasdaq (Franklin Templeton puts Bitcoin’s correlation with tech stocks at 0.7, versus less than 0.3 with gold) means the staying power of the U.S. stock market’s AI rally will directly affect the crypto market.
Asset descriptions: Bittensor is a decentralized machine-learning network, and TAO is used to incentivize AI model training. Render is a distributed GPU rendering network.
Event details: During SpaceX’s third-quarter earnings call, Musk said the company aims to use roughly half of its AI computing capacity in-house and rent out the other half, adjusting dynamically to market demand and favoring short-term, market-rate rental contracts. The plan is to bring online, by the end of the second quarter of 2027, a training cluster comprising 440,000 Nvidia Vera Rubin chips. Over the next three years, the number of Starlink satellites is expected to grow to around 100,000.
Impact and reasons: SpaceX reported third-quarter net profit of $4.4 billion, far exceeding market expectations of $1.88 billion, while revenue rose 161% year over year. Its stock gained more than 5% after hours. Super Micro Computer also reported strong earnings, and its shares rose 16%. The AI computing shortage is shifting from chips to power, cooling, and infrastructure, directly benefiting the power and data center sectors (such as Vistra, newly listed on Binance bStocks). In crypto markets, AI-themed coins and tokens tied to computing-power narratives are seeing sentiment spill over.
Related assets: Beneficiaries include TAO (current price: $271.40, up 2.11%), $RENDER ($1.856, up 2.65%), and Vistra (on-chain BRKBB and VSTB trading pairs).
Technical levels: $TAO resistance at $278.50, support at $261.90; RENDER resistance at $1.906, support at $1.784.
Outlook: The correlation between AI earnings season and crypto markets has strengthened significantly this week. Bitcoin’s co-movement with the Nasdaq (Franklin Templeton puts Bitcoin’s correlation with tech stocks at 0.7, versus less than 0.3 with gold) means the staying power of the U.S. stock market’s AI rally will directly affect the crypto market.
Asset descriptions: Bittensor is a decentralized machine-learning network, and TAO is used to incentivize AI model training. Render is a distributed GPU rendering network.