SpaceX is cashing in on the surging demand for AI compute.
CFO Bret Johnsen instructed a Goldman Sachs convention on Thursday that SpaceX had clinched one other main information middle deal value over $1 billion a month.
“Simply earlier this month, we closed one other internet hosting deal, and that interprets into about $1.11 billion a month beginning December 1st of this yr,” Johnsen stated.
Johnsen didn’t say who the client was, however added that the deal gave him “much more conviction” that SpaceX would hit its goal of $100 billion in annual recurring revenue by the tip of the yr.
The most recent deal provides to agreements SpaceX has struck with Google and Anthropic to hire out capability in its huge Colossus information facilities in Mississippi and Tennessee.
Anthropic agreed to pay SpaceX $1.25 billion a month by means of to Could 2029 because it battled to satisfy rising demand for its Claude AI mannequin, whereas the deal Google, which is a significant SpaceX shareholder, agreed in June is value $920 million a month.
Securing compute to run and practice probably the most highly effective AI fashions has turn out to be an enormous bottleneck for AI corporations, with the likes of OpenAI and Meta embarking on multibillion-dollar information middle constructing sprees which have sparked important public backlash.
The race to achieve entry to cutting-edge GPUs and information facilities has become a significant income alternative for SpaceX, which acquired a big quantity of unused information middle capability when it merged with Musk’s AI startup xAI in February.
Johnsen told investors within the firm’s Q2 earnings final month that SpaceX had already signed $6.7 billion in cloud providers income within the first few weeks of the third quarter.
The inflow of income comes as SpaceX continues to burn eye-watering quantities of cash on constructing new AI infrastructure.
The rocket firm spent $16 billion on AI infrastructure within the second quarter of 2026, with executives telling traders to anticipate comparable ranges of spending for the remainder of the yr.
If every little thing goes to plan, plenty of that infrastructure will find yourself in house.
Elon Musk has guess that the answer to the general public backlash and vitality crunch information facilities are dealing with on Earth lies in constructing a community of AI satellites, and SpaceX is planning to launch its first orbital information facilities on the finish of subsequent yr.
