SpaceX Secures Multi‑Billion AI Compute Contracts and Issues First Corporate Bonds

SpaceX announced a series of large‑scale artificial‑intelligence compute agreements. A new contract with Reflection AI will pay US$150 million per month from July 2026 to 2029 for Nvidia GB300‑based GPU capacity at the Colossus 1 data centre in Memphis, Tennessee, representing up to US$6.3 billion over the term. The deal joins earlier arrangements with Anthropic (US$1.25 billion per month) and Google (US$920 million per month), all slated to run until 2029 and featuring 90‑day termination clauses.

In parallel, SpaceX completed its first senior unsecured corporate bond issuance, aimed at refinancing existing debt and funding its AI‑infrastructure expansion. The bonds were placed with qualified institutional investors. The financing move coincided with a sharp market reaction: SpaceX’s shares fell 16.4 % at the close of the trading day before clawing back about 1 % in after‑hours trading, amid a broader tech‑sector pullback.

Investor David George, a partner at Andreessen Horowitz, highlighted the strategic importance of SpaceX’s upcoming Starship launch, saying the rocket’s rapid‑reuse capability makes extending AI compute into space “inevitable” as Earth‑based data‑centre capacity becomes constrained.