SpaceX Secures Major AI Hosting Deal Worth $13.3 Billion Annually
At the Goldman Sachs Communacopia and Technology Conference, SpaceX CFO Bret Johnsen announced a new artificial intelligence hosting deal worth approximately $1.11 billion per month, totaling around $13.3 billion in annual revenue starting December 2026. This agreement is seen as significant for investors who are watching SpaceX's ability to justify its valuation through rapid growth and higher-margin income streams. The AI computing power rental business complements SpaceX’s Starlink satellite internet service, which currently generates most of the company’s sales. The deal adds confidence in reaching a $100 billion annual recurring revenue target by year-end 2026. This is part of four major hosting deals recently signed with companies like Anthropic and Google. Additionally, SpaceX plans to launch Starship Flight 14 as its first revenue-generating mission later this month, carrying production satellites for the Starlink service. The company also aims to expand AI computing capacity from 2 gigawatts by year-end 2026 to between 5 and 10 gigawatts in 2027.
Topics: AI hosting deals annual recurring revenue SpaceX Wall Street outlook