SpaceX signs $6.3 billion computing power deal with AI startup Reflection, enters bond market

Jun 22, 2026

SpaceX has signed a landmark compute deal worth up to $6.3 billion with open-source AI startup Reflection AI, which will pay $150 million monthly starting July 1, 2026, to access Nvidia GB300 chips at SpaceX's Colossus 2 data center. The agreement highlights SpaceX's post-IPO push into commercial AI infrastructure alongside its first-ever entry into the bond market, even as its shares fell 9%. Reflection AI, valued at $25 billion, aims to leverage this compute to build American open-source models.

SpaceX-Reflection AI compute deal

▪Reflection AI will pay SpaceX $150 million per month starting July 1, 2026, through 2029.
▪The agreement allows either SpaceX or Reflection AI to terminate the contract with 90 days' notice after the first three months.
▪The deal gives Reflection AI access to Nvidia GB300 Grace Blackwell Ultra AI computing chips at SpaceX's Colossus 2 data center.
▪SpaceX signed a multiyear computing power agreement with Reflection AI worth up to $6.3 billion.

Colossus infrastructure commercialization

▪SpaceX has previously signed compute-related agreements with Anthropic, Google, and Cursor to lease capacity from its Colossus infrastructure.
▪SpaceX's Colossus 2 data center, which houses the Nvidia GB300 chips leased to Reflection AI, is located near Memphis, Tennessee.

Reflection AI open-source positioning

▪Reflection AI is working with the Department of Energy's Genesis Mission and has participated in broader Pentagon AI efforts.
▪Reflection AI was founded in 2024 by former Google DeepMind researchers Misha Laskin and Ioannis Antonoglou.
▪Reflection AI aims to build open-weight, frontier-scale AI models as an alternative to closed systems from OpenAI, Anthropic, and Google.

AI compute market leverage

▪Anthropic recently shut down access to its Fable and Mythos models, driving momentum and interest toward open-source AI alternatives.
▪Nvidia invested $800 million in Reflection AI, which is now leasing Nvidia chips purchased by SpaceX.

SpaceX post-IPO diversification strategy

▪SpaceX entered the bond market for the first time on June 22, 2026, to sell investment-grade bonds to fund its expansion into AI and next-generation rockets.
▪SpaceX shares fell 9% on June 22, 2026, marking a third consecutive session of declines following the announcement of its bond offering.
▪SpaceX raised $85.7 billion in an initial public offering on June 12, 2026, listing on the Nasdaq.