SpaceX signs $13.3 billion annual compute capacity hosting deal for AI customer
Type: Ppa · Technology: Data Center · Country: United States · Value: $13.3B · Announced: 2026-09-11
SpaceX CFO Bret Johnson announced during the Goldman Sachs Communacopia + Technology Conference 2026 that the company signed a new $13.3 billion annual compute capacity hosting deal for an AI customer, bringing total annual income from compute leases to $41.1 billion. The contract, valued at $1.11 billion monthly, will begin generating revenue in December 2026 and represents SpaceX's fourth major AI capacity agreement of the year. The new hosting deal follows previous agreements with Anthropic ($1.25 billion per month), Google Cloud ($920 million per month), and Reflection AI ($150 million per month). SpaceX currently operates a portfolio including Colossus 1 and 2 data centers in Memphis, Tennessee, with a third data center under construction in Southaven, Mississippi, and development underway on a fourth facility around Memphis. The company aims to expand compute capacity from 1.4GW live as of June 30, 2026, to 2GW by year-end and nearly 10GW by the end of 2027.
Analysis
SpaceX announced on September 11, 2026 that it signed a $13.3 billion annual compute capacity hosting agreement for an unnamed AI customer, valued at $1.11 billion per month and slated to start generating revenue in December 2026. The deal follows SpaceX’s earlier contracts with Anthropic at $1.25 billion per month, Google Cloud at $920 million per month, and Reflection AI at $150 million per month. SpaceX operates the Colossus 1 and Colossus 2 data centers in Memphis, Tennessee, is building a third facility in Southaven, Mississippi, and is developing a fourth around Memphis. The new contract brings SpaceX’s total annual compute lease income to $41.1 billion and is its fourth major AI capacity agreement of 2026. SpaceX plans to increase live compute capacity from 1.4 GW on June 30, 2026 to 2 GW by year‑end and to nearly 10 GW by the end of 2027.
Key points
- $13.3 billion annual compute hosting deal announced September 11, 2026
- $1.11 billion monthly value, revenue starting December 2026
- SpaceX’s compute lease income now $41.1 billion annually
- Previous AI contracts: Anthropic $1.25 billion/month, Google Cloud $920 million/month, Reflection AI $150 million/month
- Data center locations: Memphis, Tennessee; Southaven, Mississippi; fourth facility planned around Memphis
Counterparties
- Reflection AI (Buyer)
- xAI (Buyer)
- Google Cloud (Buyer)
- SpaceX (Seller)
- Anthropic (Buyer)
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