SpaceX has secured another cloud computing contract for its Colossus data center infrastructure.The latest agreement has been signed with Reflection AI, an open-source AI startup.CNBC reports that Reflection will be leasing access to Nvidia GB300s, and has agreed to pay $150 million per month from July 2026 through 2029, for a total of $6.3bn should the contract run to its full term.The capacity will be from the Colossus 2 data center near Memphis, Tennessee.The company purchased the site for Colossus 2 last March, and the data center came online in January. Despite Musk claiming it offered 1GW of capacity at launch, satellite imagery taken in January reportedly showed it had cooling equipment installed capable of managing 350MW. In May 2026, the company was reportedly deploying 19 natural gas turbines at the site.Both companies have the option to terminate the contract with 90 days' notice after the first three months.This deal is the latest cloud-style computing agreement SpaceX has signed, following those with Anthropic, Google, and Cursor - an AI coding platform. SpaceX is now set to acquire Cursor.Elon Musk's SpaceX launched its IPO on June 12, and within days had become the world's fourth-largest publicly traded company. The company has, however, since seen its share price significantly drop following a $20 billion bond offering launched yesterday. Its market cap is currently sitting at $2.03 trillion, down from $2.94trn last week.