SpaceX lands mystery customer willing to pay $1.1 billion a month
Who could need this much compute from SpaceX?
- SpaceX closed a hosting deal worth about $1.11 billion per month starting December 1.
- The customer remains undisclosed, and its plans for the computing power are not public.
- CFO Bret Johnsen said the agreement supports SpaceX’s $100 billion annual recurring revenue target.
- Analysts call it SpaceX’s fourth major compute deal in four months as AI demand rises.
Key Takeaways by nexos.ai, reviewed by Cybernews staff.
SpaceX has closed a major data center deal worth over $1 billion a month. But who is the customer? Here is what we know.
SpaceX CFO Bret Johnsen shared at the Goldman Sachs Communacopia + Technology Conference 2026 on Thursday that the deal would start on December 1st this year.
"Just earlier this month, we closed another hosting deal, and that translates into about $1.11 billion a month starting December 1st of this year," he said.
Johnsen said that the deal gave him "even more conviction” that SpaceX will reach $100 billion in annual recurring revenue by year-end, according to Business Insider. This would translate into roughly $13 billion in added annual recurring revenue.
SpaceX still aims to deploy 5 GW to 10 GW of compute by the end of 2027, up from a 2 GW target for 2026.
The customer remains undisclosed, as do its plans for more than a billion dollars’ worth of computing power every month, but the deal is described as a “hosting deal”.
SpaceX has publicly disclosed compute hosting agreements with Anthropic, Google Cloud, and Reflection AI. Its contract with Anthropic is valued at roughly $1.25 billion per month, with Google Cloud – at roughly $920 million per month, and with Reflection AI – at $150 million per month.
William Blair analyst Louie DiPalma called the deal SpaceX's fourth major compute agreement in four months.
SpaceX has another undisclosed $6.7 billion, six-month compute agreement announced earlier this year with a mystery customer. In that case, analysts have speculated that the customer could be the US Department of Defense. However, the newly announced deal is separate.
Securing enough compute power to train and operate AI models has become a major challenge for the industry, with companies racing each other to build resource-hungry data centers – and sparking backlash along the way.
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We can only speculate who might need this much compute from SpaceX. Whether it’s OpenAI, Meta, Microsoft, or the Pentagon, whoever signed the deal is betting billions on computing power.
