SpaceX secured a new artificial intelligence hosting agreement valued at approximately $1.11 billion per month. The contract with an undisclosed client is scheduled to commence on December 1, 2026.
Chief Financial Officer Bret Johnsen disclosed the deal during a Goldman Sachs conference on September 10. The agreement is expected to generate $13.3 billion in annualized recurring revenue.
Johnsen stated the contract increases confidence in reaching a $100 billion annual recurring revenue run rate by the end of 2026. SpaceX holds similar multi-billion dollar infrastructure deals with companies including Anthropic and Alphabet.