SpaceX clarifies short-term $1.25B/month AI compute lease to Anthropic
SpaceX CEO Elon Musk clarified that the company’s lease of its Colossus AI data center clusters to Anthropic is only a six-month agreement, not a multi-year commitment through May 2029 as earlier filings suggested. Anthropic is paying $1.25 billion per month for compute capacity to run its Claude AI, with mutual 90-day cancellation rights. The deal covers over 300 megawatts at SpaceX’s Colossus I and II data centers. Musk noted SpaceX may reclaim capacity for its own AI ventures if needed.
Cross-source coverage
Wire timeline
SpaceX Inks $6.3 Billion AI Deal with Reflection AI
SpaceX (NASDAQ:SPCX) has agreed to a $6.3 billion deal with AI startup Reflection AI, under which Reflection AI will rent AI hardware and software processing capacity from SpaceX's Colossus data center in Tennessee. The contract, reported by CNBC, requires Reflection AI to pay $150 million per month starting July 1, 2026, with immediate access to high-powered Nvidia GB300 chips. Either party may terminate the contract after three months with 90 days' notice. Reflection AI, founded in 2024 by former Google DeepMind researchers, develops open-source AI foundation models and has raised significant capital from Nvidia and others. The deal supports SpaceX's broader AI ambitions, though the company disclosed its AI division lost $6.35 billion in 2025 and $2.47 billion in Q1 2026. SpaceX raised $85.7 billion in its June 12 IPO, partly to fund AI infrastructure expansion.
Yahoo FinanceAI startup Reflection signs computing power deal with SpaceX
Reflection AI, an open-source AI startup backed by Nvidia, announced a deal with SpaceX to access additional computing capacity at Elon Musk's Colossus 2 data center. Under the agreement, Reflection will receive immediate access to Nvidia GB300 chips for training advanced models. The startup will pay SpaceX $150 million per month starting July 1, 2026, through 2029, totaling about $6.3 billion over the full term. Either party can terminate the contract with 90 days' notice after the first three months. The deal is part of a series of commercial wins for SpaceX, which also has agreements with Google and Anthropic. Google, for instance, will pay SpaceX $920 million per month from October 2026 to June 2029. Reflecting on the deal, Reflection stated that more compute allows them to push the frontier on open models. SpaceX shares fell about 10.6% in afternoon trading following the announcement.
Yahoo FinanceSpaceX signs $6.3 billion compute deal with Reflection AI
SpaceX has signed a $6.3 billion computing agreement with open-source AI startup Reflection AI, which will pay $150 million monthly from July 2026 through the end of 2029 for access to Nvidia GB300 chips and hardware at SpaceX's Colossus 2 facility in Memphis, Tennessee. The contract includes a 90-day exit clause after an initial three-month period. Reflection AI, founded by two former Google DeepMind researchers and valued at $25 billion with Nvidia as an investor, has ties to U.S. national security clients including Department of Energy and Pentagon AI programs. The deal is part of SpaceX's broader pivot to AI infrastructure, following larger commitments from Google and Anthropic. The agreement highlights growing demand for open-source AI alternatives amid concerns over reliance on closed providers, and creates an unusual dynamic where Nvidia is both an investor in and indirect supplier to Reflection AI.
Yahoo FinanceSpaceX signs $6.3 billion compute deal with Reflection AI
SpaceX has signed a $6.3 billion computing deal with open-source AI startup Reflection AI, effective July 1, 2026 through end of 2029 at $150 million per month. The agreement grants Reflection immediate access to Nvidia GB300 chips housed at SpaceX's Colossus 2 data center in Memphis. The contract includes a 90-day exit clause after an initial three-month period. Reflection AI, founded by former Google DeepMind researchers and valued at $25 billion, counts Nvidia among its backers (which invested $800 million). The arrangement creates a circular relationship where Nvidia is both investor and indirect supplier. The deal follows larger compute agreements SpaceX has with Google ($30B) and Anthropic ($45B). The article notes growing interest in open-source AI, especially after the Trump administration's threat to cut foreign access to Anthropic's closed models.
Yahoo FinanceSpaceX signs up to $6.3 billion computing power deal with open-source AI startup Reflection
SpaceX has signed a major computing power agreement with open-source AI startup Reflection AI, granting the company access to Nvidia GB300 chips at Elon Musk's Colossus 2 data center. Under the deal, Reflection will pay SpaceX $150 million per month starting July 1, 2026, with total payments reaching approximately $6.3 billion if the contract runs through 2029. Either party can terminate with 90 days' notice after the first three months. The deal highlights SpaceX's strategy of commercializing its Colossus infrastructure, following similar agreements with Anthropic, Google, and Cursor. Reflection, valued at $25 billion, is positioning itself as a provider of American open-source AI models, capitalizing on growing concerns about reliance on closed systems after Anthropic cut access to its Fable and Mythos models. The startup is also working with the Department of Energy and Pentagon on AI initiatives.
US Top News and AnalysisIs SpaceX's New Deal With Google a Game Changer? Here's My Honest Take.
SpaceX, days before its IPO, disclosed a landmark cloud deal with Alphabet's Google. Under the agreement, SpaceX will lease a cluster of approximately 110,000 Nvidia GPUs and supporting infrastructure to Google, providing the hyperscaler with high-performance AI computing capacity. The deal runs through June 2029, with full commercial capacity starting in October 2026. Google will pay SpaceX $920 million per month during peak operations, making the total deal value over $30 billion. The arrangement provides SpaceX with predictable recurring revenue from a blue-chip customer, strengthening its credibility ahead of its public listing. The deal signals SpaceX's aggressive expansion into the data center and AI infrastructure arena beyond its core rocket and satellite businesses.
Yahoo FinanceSpaceX-Google GPU Deal Boosts Nvidia Stock Prospects
On June 5, 2026, SpaceX announced a massive compute capacity agreement with Alphabet's Google. SpaceX will lease a cluster of 110,000 Nvidia GPUs along with supporting hardware to Google. In exchange, Google will pay SpaceX $920 million per month from October 2026 to June 2029. The deal highlights SpaceX's expansion beyond aerospace into AI infrastructure. While the headlines focus on SpaceX and Google, the analysis identifies Nvidia as the true winner, as the deal specifies Nvidia GPUs despite Alphabet's investment in custom Tensor Processing Units (TPUs). This demonstrates Nvidia's unmatched ecosystem lock-in for general-purpose GPUs. The agreement includes termination clauses if SpaceX fails to deliver by September, or after December 31 with 90 days' notice.
Yahoo FinanceElon Musk Just Created $26 Billion a Year for SpaceX Days Before the IPO
Days before its anticipated IPO on June 12, 2026, SpaceX has secured two massive compute-rental contracts worth a combined $26 billion in annual run-rate revenue. Anthropic will pay $1.25 billion per month and Alphabet (Google) will pay $920 million per month starting October for capacity in SpaceX's Colossus data center. This pivot from a launch-and-satellite firm to an AI infrastructure landlord follows the merger between SpaceX and xAI. The new high-margin revenue stream dwarfs SpaceX's $18.7 billion in total sales last year and significantly improves the company's valuation metrics ahead of its public debut. However, the article notes that core operations showed a $4.9 billion net loss in 2025, suggesting the euphoria may be short-lived.
Yahoo FinanceGoogle Is Paying SpaceX Over $900 Million a Month for AI Compute
Alphabet's Google has signed a deal with SpaceX to pay $920 million per month from October 2026 to June 2029 for AI compute capacity, including access to approximately 110,000 Nvidia GPUs. The arrangement is described as a bridging solution to meet surging AI demand amid bottlenecks in chips, real estate, and power. The deal provides SpaceX with a significant revenue driver ahead of its anticipated IPO later this week. The article notes that the AI infrastructure buildout is entering an intense phase, with Meta reportedly using tents to house data centers. Google's trailing P/E of 27.5x may still undervalue its AI growth potential according to the analyst author.
Yahoo FinanceGoogle to Pay SpaceX Over $900 Million Monthly for AI Compute Capacity
Google (Alphabet) has signed a deal with SpaceX to pay $920 million per month for AI compute capacity, running from October 2026 to June 2029. The arrangement involves SpaceX renting facilities equipped with approximately 110,000 Nvidia GPUs. The deal serves as a bridging solution for Google to meet surging AI demand, highlighting that the AI bottleneck extends beyond chips to real estate and power constraints. For SpaceX, the deal provides a significant revenue driver ahead of its anticipated IPO later this week. The article notes that Meta Platforms is reportedly building AI data centers in tents to overcome real estate limitations, underscoring the intense competition and scale of AI infrastructure buildout.
Yahoo FinanceSpaceX, Google compute deal raises eyebrows ahead of IPO
As SpaceX's June 12 IPO approaches, the company has secured major AI compute deals with Google and Anthropic, raising concerns about timing and terms. Google will pay $920 million per month to rent 110,000 Nvidia GPUs and related components from October 2026 through June 2029. This follows a $1.25 billion per month deal with Anthropic for GPU capacity at SpaceX's Colossus 1 data center. Both deals include 90-day cancellation windows. SpaceX's AI division, formed after Elon Musk folded xAI into SpaceX, has been the source of significant losses. The deals add approximately $26 billion in annual run rate revenue, improving SpaceX's valuation narrative from 100x to about 40x revenue. The IPO is reportedly well oversubscribed, with Goldman Sachs as lead underwriter. Analysts are divided on whether the deals reflect genuine demand or are timed to boost the IPO valuation.
Yahoo FinanceSpaceX signs $920m monthly cloud deal with Google ahead of IPO
SpaceX has entered into a multi-year cloud services agreement with Google valued at $920 million per month, starting October 2026. Under the deal, SpaceX will provide Google with approximately 110,000 Nvidia GPUs, CPUs, memory, and associated components. Payments will ramp up through September 2026 before reaching the full monthly fee until June 2029. If SpaceX fails to deliver committed GPUs by September 30, Google can terminate or accept reduced delivery. After December 31, 2026, either party may exit with 90 days' notice. Google retains all intellectual property rights for content, AI models, and data. This is SpaceX's second major cloud deal, following a $45 billion agreement with AI firm Anthropic in May 2026. Combined, the two deals are estimated to yield approximately $26 billion annually for SpaceX, with aggregate value exceeding $70 billion. The agreement was disclosed in SpaceX's amended registration statement ahead of its anticipated IPO.
Yahoo FinanceSpaceX signs $920m monthly cloud deal with Google ahead of IPO
SpaceX has signed a multi-year cloud services agreement with Google valued at $920 million per month, starting October 2026. The deal, disclosed in a regulatory filing ahead of SpaceX's anticipated IPO, requires SpaceX to provide Google with approximately 110,000 Nvidia GPUs and associated components. Payments begin at a reduced rate during a ramp-up period through September 2026. The contract includes termination clauses and stipulates that Google retains ownership of AI models and data. This follows a separate $45 billion deal with AI firm Anthropic in May 2026. Combined, the two agreements are estimated to generate approximately $26 billion annually for SpaceX, with an aggregate value exceeding $70 billion over their lifespans.
Yahoo FinanceGoogle signs $920M monthly compute deal with SpaceX for 110,000 Nvidia GPUs
SpaceX has closed a multi-year deal with Google to provide compute capacity worth $920 million per month, beginning in October 2026 and continuing until June 2029. The agreement includes 110,000 Nvidia GPUs plus CPUs, memory, and other AI processing components. Google will pay a reduced monthly fee as SpaceX brings server racks online through September 30, 2027. If SpaceX fails to meet the 110,000-GPU target by that date plus a one-month grace period, Google can cancel the agreement or accept a reduced number of GPUs with pro-rata fee reduction. This is SpaceX's second data center deal in weeks, as the company approaches its IPO on June 12, 2026. SpaceX's projected annual data center revenue is expected to exceed its combined proceeds from Starlink, launch services, and AI in 2025.
Latest from Tom's HardwareGoogle signs $920M monthly compute deal with SpaceX
Google has signed a multi-year deal with SpaceX worth $920 million per month to secure compute capacity, including 110,000 Nvidia GPUs, starting October 2026 and continuing until June 2029. The agreement allows Google to pay a reduced fee as SpaceX brings server racks online through September 2027. If SpaceX fails to meet the 110,000-GPU target by that date plus a one-month grace period, Google can cancel or accept a reduced number of GPUs with pro-rata fee reduction. This is SpaceX's second data center deal in weeks, as the company approaches its IPO on June 12, 2026. SpaceX's projected annual data center revenue from this deal is expected to exceed its combined proceeds from Starlink, launch services, and AI in 2025.
Latest from Tom's HardwareGoogle signs $920M monthly compute deal with SpaceX
Google has signed a multi-year deal with SpaceX worth $920 million per month to secure compute capacity, including 110,000 Nvidia GPUs, starting October 2026 and running until June 2029. The agreement allows Google to pay a reduced fee as SpaceX brings server racks online through September 2027. If SpaceX fails to meet the 110,000-GPU target by that date plus a one-month grace period, Google can cancel the deal or accept a reduced number of GPUs with pro-rata fee reduction. This is SpaceX's second data center deal in weeks, as the company approaches its IPO on June 12, 2026. The deal is projected to make SpaceX's annual data center revenue exceed its combined proceeds from Starlink, launch services, and AI in 2025.
Latest from Tom's HardwareSpaceX signs pre-IPO deal to provide AI computing to Google
SpaceX has signed a major cloud computing agreement with Google, valued at $920 million per month, to provide access to a cluster of approximately 110,000 Nvidia GPUs for powering Google's Gemini AI models. The deal, disclosed in SpaceX's IPO filing, runs through June 2029 with total payments estimated at $30 billion. Google will begin paying the full monthly rate in October 2026 after a reduced ramp-up period. The agreement bolsters SpaceX's finances ahead of its June 12 IPO, which is expected to be the largest in history, valuing the company at $1.8 trillion. A similar deal was struck with AI firm Anthropic for $1.25 billion per month. The filing notes the agreement may be terminated by either party with 90 days' notice after December 31.
The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.SpaceX signs pre-IPO deal to provide AI computing to Google
SpaceX has signed a major cloud computing agreement with Google, valued at $920 million per month, to provide access to a cluster of approximately 110,000 Nvidia GPUs for powering Google's Gemini AI models. The deal, disclosed in SpaceX's IPO filing, will bolster the company's finances ahead of its June 12 IPO, which values the company at $1.8 trillion. The agreement runs through June 2029, implying total payments of roughly $30 billion. Google will begin paying the full monthly rate in October 2026, with a reduced fee during a ramp-up period. The filing also notes that after December 31, either party may terminate the agreement with 90 days' notice. This deal follows a similar arrangement with AI firm Anthropic, where SpaceX leased compute capacity at its Colossus data centers.
The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.Google to pay SpaceX $920 million a month for compute capacity
SpaceX has secured a major deal with Google, which agreed to pay $920 million per month for compute capacity from October 2026 to June 2029, according to a SpaceX SEC filing. The compute power includes approximately 110,000 NVIDIA GPUs, CPUs, memory, and other components. Starting in 2027, either party can terminate with 90 days' notice. Google stated the deal is needed to meet surging demand for its agentic AI platform, Gemini Enterprise. The agreement comes as SpaceX prepares for a record-setting IPO. This deal is similar to another SpaceX has with Anthropic, which pays $1.25 billion monthly through May 2029 for compute capacity from SpaceX's Colossus data centers. SpaceX noted the structure allows monetization of unused compute capacity while permitting reallocation for internal needs if necessary.
All Content from Business InsiderGoogle to pay SpaceX $920 million a month for compute capacity at xAI data centers
Ahead of its planned IPO, SpaceX has signed a deal with Google to provide AI compute capacity for $920 million per month over 32 months, starting October 2026. The agreement involves approximately 110,000 Nvidia GPUs housed in SpaceX data centers, with a ramp-up period and termination clauses. Google cited surging demand for its Gemini Enterprise platform as the reason for the deal. This follows SpaceX's merger with xAI and a similar arrangement with Anthropic. Alphabet, Google's parent, has seen a massive return on its 2015 investment in SpaceX, which is now valued at over $1.75 trillion. Despite heavy AI infrastructure spending, SpaceX's AI segment reported an operating loss of $2.5 billion on $818 million in revenue in the first quarter. The company also faces lawsuits and probes related to its Grok AI model.
US Top News and Analysis