SpaceX Signs Computing Power Deal With Open-Source AI Startup Reflection Worth Up to $6.3 Billion

My take: Reflection AI, an open-source startup founded by Google DeepMind veterans, just secured $150 million per month in compute time at SpaceX's Colossus 2 data center near Memphis. The contract runs from July 2026 through the end of 2029 and totals up to $6.3 billion if neither party cancels. But the most interesting part is who sits on both sides of the deal: Nvidia invested $800 million in Reflection AND sold the GB300 chips to SpaceX that Reflection now rents. It is like the same bank financing your house and also financing the tenant paying you rent; Nvidia loses in no scenario. That tells me something key about the moment we are living in: compute is so scarce and so expensive that guaranteed access to it is a strategic asset, almost like oil. For reference, Anthropic pays $1.25 billion per month at the same Colossus facility. Whoever controls the GPUs controls the game. 🔌