GEV ▼ -1.4% - GE Vernova Inc. $GEV GE Vernova Falls 1.5% Premarket After Musk Says SpaceX Will Bring Gas Turbine Casting In-House ? • Elon Musk said SpaceX plans to cast natural gas turbine blades and vanes in-house, which he said could accelerate turbines coming online by up to 18 months. • GE Vernova shares are down 1.5% premarket, with the market reacting negatively to the prospect of SpaceX bringing part of gas turbine production in-house. • Musk said natural gas will still be needed for several years to supplement and bootstrap solar as SpaceX and Tesla each build toward 100 GW/year of solar production capacity. GE Vernova shares fell in premarket trading after Elon Musk announced that SpaceX plans to manufacture gas turbine casting components in-house rather than sourcing them externally. The move could potentially accelerate SpaceX's turbine deployment timeline by up to 18 months, which investors viewed as a threat to GE Vernova's business as a supplier in that space. Despite Musk's acknowledgment that natural gas turbines will remain necessary for several years, the market reacted negatively to the prospect of reduced demand from a major potential customer. 31-AUG-2026 05:09 AM ET