SpaceX secured a data center hosting agreement worth approximately $1.11 billion per month. The contract begins on December 1, 2026. CFO Bret Johnsen announced the deal at the Goldman Sachs Communacopia + Technology Conference. This single agreement will generate over $13 billion in annual recurring revenue.
The contract marks the company's fourth major compute agreement in four months. Management expects this deal to support its long-term target of $100 billion in annual recurring revenue. SpaceX is developing orbital computing systems to bypass terrestrial data center constraints. The move positions the company as a primary infrastructure provider for surging AI demand.