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Business News Today: Latest Business News, Finance News

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AI start-up Reflection signs computing power deal with Sp...
Reuters · 2026-06-23 · via Business News Today: Latest Business News, Finance News
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CRUDEOIL   6,974.00

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CRUDEOIL   6,974.00

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GOLD   148,120.00

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Under the agreement, the open-source AI startup will get immediate access to Nvidia GB300s, AI ‌chips used to train and run advanced models, and has agreed ‌to pay SpaceX $150 million per month beginning ‌July ⁠1, 2026

Updated - June 23, 2026 at 09:22 AM.

Reflection AI said on Monday it has signed a deal with ​SpaceX that will grant the startup access ‌to additional computing capacity at the ​Elon Musk-led company's Colossus 2 data ⁠center.

Under the agreement, the open-source AI startup will get immediate access to Nvidia GB300s, AI ‌chips used to train and run advanced models, and has agreed ‌to pay SpaceX $150 million per month beginning ‌July ⁠1, 2026, through 2029, CNBC reported, ⁠citing materials viewed by the publisher.

Here are some details:

* SpaceX and Reflection did not immediately ​respond to Reuters' requests ‌for comment about the agreement.

* CNBC reported the payments would total about $6.3 billion if the agreement runs through the ‌end of its term.

* Either ​company can end the contract with 90 days' notice after the ⁠first three months, according to the report.

* "More compute gives us more room to ‌push the frontier on open models," the Nvidia-backed startup said in a post on LinkedIn, without sharing more details.

* The Reflection deal adds to a string of commercial wins for SpaceX, with the ‌company also striking agreements with technology giant Google ​and AI startup Anthropic.

* Earlier this month, SpaceX said Google will ⁠pay the rockets-to-AI group $920 million a month ⁠from October this year to June 2029, with capacity ramping up through ‌September at a reduced fee.

* Shares of SpaceX were down about 10.6% ​in afternoon trading.

Published on June 23, 2026

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