SpaceX Stock Cliff Hits $114B as Musk Vows Exclusive NVIDIA AI Adoption

912M SpaceX shares unlock for $114B, the largest cliff in history. Musk pledges exclusive NVIDIA architecture use. AMD drops 8% on guidance.

Woofun AI reports that 912 million restricted SpaceX shares will become tradable, representing a market value of approximately $114 billion based on August 4 closing prices, marking the largest cliff release in U.S. capital market history. At its first earnings call, Elon Musk pledged that SpaceX would build its AI services entirely on NVIDIA-based systems, describing the Vera Rubin architecture as "the best AI computing architecture."

In other pre-market developments, AMD shares fell over 8% after setting Q3 revenue guidance at $13 billion, which exceeded the average estimate of $12.5 billion but missed optimistic projections. Eli Lilly rose nearly 5% after raising its fiscal 2026 revenue forecast to $85 billion–$87 billion. SanDisk and Western Digital are scheduled to release Q4 earnings, with both stocks having surged significantly year-to-date.