SpaceX to lease Colossus compute to open-source AI startup Reflection for about $150 million a month, deal worth up to $6.3 billion through 2029
SpaceX $SPCX signed a compute deal that could reach $6.3 billion. Open-source AI startup Reflection will pay about $150 million a month for Nvidia $NVDA GB300 chips at SpaceX's Colossus center near Memphis, starting July 1. It runs through 2029, either side can exit on 90 days' n
SpaceX $SPCX is becoming a landlord for artificial intelligence. The company has agreed to lease computing capacity from its Colossus data center in the Memphis area to Reflection, an open-source AI startup founded by former Google DeepMind researchers Misha Laskin and Ioannis Antonoglou. Under the agreement, Reflection will pay roughly $150 million per month for access to Nvidia $NVDA GB300 GPUs, with capacity coming online July 1. The contract runs through 2029 and could be worth up to $6.3 billion if it runs the full term, though either side can exit with 90 days' notice after the first three months. That break clause matters: it keeps a headline-grabbing total from translating into a guaranteed long-term commitment for either party. The deal reflects a broader shift in how AI compute gets bought and sold. Rather than every lab racing to build its own data centers, operators with power, land and chips are renting capacity directly to model developers. Reporting on SpaceX's recent activity describes comparable arrangements with other AI companies for Colossus capacity, signaling the facility is being run as a commercial compute hub rather than purely internal infrastructure. For Reflection, the appeal is immediate access to high-end Nvidia hardware without the multi-year build-out, letting a young open-source lab compete on training scale. For the wider market, it is another sign that access to GPUs and the electricity to run them has become the defining constraint in AI, and that whoever controls that capacity holds real leverage.