SpaceX Secures $1 Billion Monthly AI Hosting Deal
SpaceX has secured a significant AI hosting deal worth over $1 billion per month with an annual recurring revenue of approximately $13 billion, according to CFO Bret Johnsen. The company is expanding into the AI market by renting out compute power and has already signed deals with Google (GOOG) and Anthropic, collectively generating about $2.17 billion in monthly revenue from these partnerships. While SpaceX aims for long-term growth through orbital data centers powered by solar energy and laser links, it currently relies on short-term hosting contracts to establish a foothold in the AI industry. The company plans to launch its first orbital computing satellites as early as 2027 with larger deployments expected in 2028. SpaceX has also submitted an application for regulatory approval from the FCC to operate up to one million computing satellites, which would facilitate communication through optical links and existing Starlink infrastructure. The company is working with Nvidia (NVDA) on designing its first payload using Rubin graphics processors.
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Topics: Artificial Intelligence (AI) Revenue Growth SpaceX Strategic Partnership