Overview
- The agreement, reported Tuesday, would give pre‑revenue Reflection AI access to Nvidia GB300 GPUs at SpaceX’s Colossus 2 in Memphis for $150 million per month starting July 1, 2026 and running through 2029, about $6.3 billion if held to term.
- The contract includes a 90‑day termination right that either side can exercise after the initial three months, making late October the first clear test of whether the deal becomes long term.
- Investors reacted sharply to the reports, sending SpaceX’s stock down roughly 10.6% on June 24 in the company’s largest single‑day drop since its June 11 public debut.
- Reflection AI is a startup founded by former DeepMind researchers with no public product or revenue that raised $2 billion in October in a round led by Nvidia and has said it is focused on open frontier models and government work.
- The deal joins leases from Anthropic, Google and Cursor at Colossus and highlights a shift toward third‑party long‑term GPU leasing, a trend that puts pressure on disclosure about GPU generations, data‑center allocations and delivery timelines that investors will be watching next.