SpaceX makes big money renting AI power to new tech firms
Tue Jun 23 2026
A small AI company just signed a massive deal with SpaceX. They'll pay $150 million every month to use computer power in SpaceX's giant data center. Over five years, that adds up to $6. 3 billion - and that's just for one customer. The contract runs until 2029, similar to deals other big tech firms have made.
This isn't SpaceX's first rodeo with AI customers. They've been renting out computer space for months now. But this new agreement shows how much companies will pay to access powerful AI tools. Some experts wonder if this pricing will last or if it'll drop as more competition enters the market.
The startup getting this deal, Reflection, joins a growing list of companies buying AI computing time. These firms need massive amounts of processing power to train their AI models. SpaceX's data center, called Colossus 2, has become a hot spot for this kind of work.
What does this mean for the AI world? It shows just how valuable computing power has become. Companies are willing to spend billions just to get their hands on it. It also highlights SpaceX's unexpected role in the AI boom. Most people know them for rockets, but now they're making serious cash from tech companies too.
https://localnews.ai/article/spacex-makes-big-money-renting-ai-power-to-new-tech-firms-1060c181
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