Investing.com -- Fresh off its historic debut on the public markets, Elon Musk’s SpaceX is keeping the momentum going. The newly public aerospace and tech giant has reportedly showcased a prototype AI-interaction device to investors. The hardware, described as sleeker and thinner than an Apple iPhone, marks an ambitious consumer tech play for the company.

SpaceX presented the prototype to key stakeholders and institutional investors in a series of private meetings, according to a report from the Wall Street Journal, citing people familiar with the matter. Designed to run on a proprietary operating system, the device is built to deeply integrate cutting-edge AI models from Musk’s xAI division, which SpaceX absorbed earlier this year.

However, Elon Musk later disputed the reports entirely. Taking to social media to shut down the hardware rumors, Musk stated that the report is "utterly false."

Under the hood, the prototype leverages heavy-hitting silicon. Sources say the device is powered by a Qualcomm Snapdragon chipset, a revelation that sent immediate ripples through the chip sector.

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  Qualcomm (NASDAQ: QCOM) shares gained on the news, as investors rallied around the chipmaker’s securing of another high-profile AI hardware partnership.

  
  


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  Apple (NASDAQ: AAPL) edged slightly lower as the market weighed the prospect of a futuristic new competitor crashing the premium device space, but it quickly recovered. Shares were up 1.8% at last check.

  
  

Reality Check: SpaceX explicitly cautioned investors that the project is still in its infancy. Sources noted that the design remains highly fluid, and the company has not yet officially greenlit the device for commercial mass production.