SpaceX is now pulling in roughly $2.32 billion per month by renting GPUs to three of the most aggressive AI companies on the planet. That’s an annualized revenue run rate of approximately $28 billion, a number that would make most publicly traded cloud companies deeply uncomfortable.
The three customers: Anthropic, Google, and Reflection AI. The latest deal, finalized around June 22, 2026, locks Reflection AI into paying SpaceX $150 million per month for access to advanced GB300 GPUs, with the contract stretching through 2029 and totaling a potential $6.3 billion over its lifespan. It includes flexible exit clauses, but the sheer scale of the commitment tells you everything about where AI compute demand is heading.
From rockets to racks: how SpaceX became an AI landlord
SpaceX’s Colossus data centers were originally built to support xAI, Elon Musk’s AI venture. But excess capacity at those facilities created an opportunity that was too lucrative to ignore. Rather than let expensive GPU clusters sit underutilized, SpaceX pivoted the infrastructure into a high-margin compute leasing business. Pricing for the premier GB300 GPUs likely exceeds $10 per hour, placing SpaceX squarely in the “neocloud” category, a term for newer entrants offering specialized AI compute that competes directly with legacy cloud providers like AWS, Azure, and Google Cloud Platform.
