# Siemens Energy and SpaceX gas turbine developments

> Live situation record from CLSTR: https://clstr.news/situations/siemens-energy-and-spacex-gas-turbine-developments
> Updated: 2026-09-02T19:49:52.000Z. Sources: 15. Developments: 2.

Siemens Energy shares experienced a decline following reports that SpaceX might begin manufacturing gas turbine components to power its AI data centers. The stock reached a low of approximately 139.50 euros during this period.

Financial analysts subsequently provided updated outlooks regarding the potential competition. JPMorgan noted that because SpaceX’s components are intended for internal use rather than the open market, no direct competition for Siemens Energy is currently expected. While Jefferies lowered its price target for Siemens Energy to 210 euros due to concerns over supply chain bottlenecks and market peaking, other institutions maintained positive ratings.

## Timeline

### 2026-09-02: SpaceX valuation nears $2 trillion amid tech rally

SpaceX's valuation has surged back toward $2 trillion, driven by Starlink growth and anticipation of the 14th Starship test flight, despite previous IPO price volatility.

10 sources. https://clstr.news/cluster/siemens-energy-and-spacex-receive-positive-analyst-outlooks

### 2026-08-31: Siemens Energy shares dip on SpaceX gas turbine component reports

Siemens Energy shares fell following reports that SpaceX may manufacture gas turbine components, though analysts from JPMorgan and Jefferies maintain positive ratings and buy recommendations.

6 sources. https://clstr.news/cluster/loreal-and-shell-see-upward-earnings-forecast-revisions

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Cite as: Siemens Energy and SpaceX gas turbine developments. CLSTR, https://clstr.news/situations/siemens-energy-and-spacex-gas-turbine-developments