SpaceX Signs Compute Contract Valued at $13.3bn Annually
Bret Johnsen said the new contract starts Dec. 1 and adds to SpaceX’s growing AI hosting revenue as demand for compute surges.
- On Thursday, CFO Bret Johnsen announced at a Goldman Sachs conference that SpaceX secured a new AI hosting deal worth about $1.11 billion monthly, beginning December 1st of this year.
- SpaceX is capitalizing on surging demand for AI compute by renting capacity from its massive Colossus data centers located in Mississippi and Tennessee, which the company acquired after merging with Elon Musk's startup.
- Existing contracts include Anthropic paying $1.25 billion monthly for Claude AI model capacity and Google paying $920 million monthly, following a $6.7 billion third-quarter revenue start.
- While spending $16 billion on AI infrastructure during the second quarter of 2026, the company maintains 'even more conviction' that it will hit its $100 billion annual recurring revenue target by year-end.
- To solve Earth's energy crunch, Musk plans to launch a network of orbital data centers, with the first satellites scheduled to deploy at the end of next year.
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SpaceX's financial director, Bret Johnsen, updated Starship's financial projections and testing schedule during Goldman Sachs' event participation on Thursday. Exclusive material for subscribers. To have full access, access the link of the material and register.
SpaceX has struck a $1 billion a month compute deal with a mystery customer
SpaceX is targeting $100 billion in annual recurring revenue by the end of the year.Spencer Platt/Getty ImagesSpaceX has closed yet another AI compute deal with a mystery customer.The agreement is worth over $1 billion a month, SpaceX's CFO said on Thursday.It follows similar deals with Anthropic and Google as Elon Musk's rocket company cashes in on its Colossus data centers.SpaceX is cashing in on the surging demand for AI compute.CFO Bret John…
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