SpaceX: The AI Deal Record

SpaceX (Provider) · Reflection AI (Buyer)

Value

up to $6.3B

Capacity / term

n/a · 3.5y

First revenue

2026-07

Sources

[1] tier-1[2] other

Reflection AI (open-source AI startup, ~$25B valuation) gets priority access to Nvidia Blackwell Ultra chips inside SpaceX's Colossus 2 (Memphis area). Flagged circular: Nvidia has an $800M strategic investment directly in Reflection AI, and Nvidia chips are the hardware being rented in this deal (Nvidia sits on both sides of the trade, per Tech Funding News' reporting), consistent with how the ledger flags Nvidia-adjacent circularity elsewhere. No GPU count or MW disclosed at signing, only the dollar ceiling and monthly rate; capacity.mw_it and chip_count left null rather than estimated.

Conditions: Fixed $150M/month subscription starting 2026-07-01 through end of 2029 ($150M x 42mo = $6.3B, the disclosed ceiling). Hybrid exit clause: either party can terminate with 90 days' notice after an initial three-month trial.

SpaceX (Provider) · Google (Buyer)

Value

approximately $30B

Capacity / term

n/a · 3y

First revenue

2026-10

Sources

[1] tier-1[2] other

Google leases ~110,000 GPUs (Nvidia GB200) at SpaceX's Colossus 2 (Southaven, MS) for $920M/month, October 2026 through June 2029 ($920M x ~33mo billed months matches the reported ~$30B total; capacity ramps from September 2026 at a reduced fee). SpaceX/xAI merged in February 2026; SpaceX is the sole provider entity in this ledger. capacity.mw_it left null for the same reason as the companion Anthropic-Colossus-1 row: reported facility power figures describe the data center, not a disclosed per-contract IT-load MW, and using them would produce a misleadingly high implied $/MW/yr for what is a fully-managed GPU rental, not a bare power lease.

Conditions: Google may terminate if SpaceX fails to deliver the GPUs by end of September 2026 (after a one-month grace period); after 2026-12-31 either party can cancel with 90 days' notice.

SpaceX (Provider) · Anthropic (Buyer)

Value

approximately $45B

Capacity / term

n/a · 3y

First revenue

2026-05

Sources

[1] primary[2] tier-1

Anthropic rents all compute capacity at SpaceX's Colossus 1 facility in Memphis, TN, at $1.25B/month through roughly May 2029 ($1.25B x 36mo = $45B; internally consistent across sources). SpaceX and xAI completed their corporate merger in February 2026 (implied combined-entity valuation $1.25T reported at the time), so this ledger treats SpaceX as the single provider entity across all Colossus deals; Musk's control of both sides pre-merger is now moot post-merger, so not flagged circular. capacity.mw_it is left null on purpose: sources report Colossus 1's total power draw as 250-300 MW depending on date, which is the facility's overall footprint rather than a disclosed per-contract IT-load figure, and dividing the $45B by that number implies $48-60M/MW/yr, well outside the ledger's plausible band for a reason that is really 'wrong denominator' rather than 'wrong deal'; chip_count (220,000+ GPUs across H100/H200/GB200 generations, per Wikipedia's Colossus entry) is the more reliable durable unit reported for this specific deal.