Elon Musk stated during the All-In event that he was speaking from his "palace" in Memphis, which is an Airstream RV. SpaceX President Gwynne Shotwell remarked that he would sleep on the factory floor, helping to build the facility and pushing GPUs online. He also posted, "It works."

The RV is parked near xAI's Colossus Park. The supercomputer is set to begin construction in 2024, with the company claiming the first phase will be completed in about 122 days, intended for training Grok, and plans to install about 1 million GPUs by 2026, with power expansion to the gigawatt level. In July, they also announced the Minihard facility as the fourth site in Memphis. Excess computing power has been rented out: reports indicate that Anthropic has signed a high-value exclusive deal, and Google plans to rent about 110,000 GPUs starting in October, with a monthly fee around $920 million. In February 2026, SpaceX will fully acquire xAI for approximately $250 billion for xAI and $1 trillion for SpaceX, making artificial intelligence a sector alongside aerospace and connectivity. In the second quarter, this sector generated about $2.56 billion in revenue, with an operating loss of about $1.26 billion.

"Living in an RV" does not equate to changing residency. Flight records show he frequently travels between Memphis, Austin, and California, often staying for a day or two. Jalopnik and others point out that the palace is a rhetorical device; his commuting tool remains a Gulfstream. He previously lived in a cheap rental near the Texas Starbase. The real constraint on-site is the construction timeline: a delay in the hall means a delay in training or renting high-priced chips.

Who is buying and who is selling: the buyers are the signals of the boss sleeping at the power distribution room door, while the sellers are the conventional model of remotely managing data centers. The event is driven by quotable lines, with funds circulating in GPUs, transformers, and rental contracts. The beneficiaries will be shareholders waiting to see when SpaceX's AI sector turns depreciation into positive operating profit, while the pressured parties are the Memphis power grid and community. The RV is a prop; gigawatts are the balance sheet.

Public materials confirm he said he lives in an Airstream but did not provide an independent log of continuous occupancy days.

Source: Public Information