SpaceX has signed a major cloud computing agreement with an undisclosed customer that will pay approximately $1.11 billion per month beginning December 1, 2026, according to a Business Insider report. The agreement represents another significant expansion of SpaceX’s emerging AI infrastructure and compute-hosting business.
SpaceX Chief Financial Officer Bret Johnsen disclosed the new agreement while speaking at Goldman Sachs’ Communacopia + Technology conference. The identity of the customer was not disclosed.
The Information separately reported that the agreement is expected to run for approximately six months. At $1.11 billion per month, the contract would represent roughly $6.66 billion of revenue if it continues for the full six-month period.
The new contract is particularly notable because SpaceX is rapidly developing a substantial business supplying computing capacity to major artificial intelligence companies and technology groups.
The company has already secured major compute agreements with Anthropic and Google.
Anthropic agreed to pay SpaceX approximately $1.25 billion per month for computing capacity supporting its Claude AI models. The arrangement has a minimum period of approximately six months, while the broader agreement can potentially continue through May 2029.
Google has also agreed to pay SpaceX approximately $920 million per month for access to computing infrastructure. That agreement is expected to provide Google with access to approximately 110,000 Nvidia GPUs, CPUs and related equipment and run from October 2026 through June 2029.
Combined with the newly disclosed $1.11 billion monthly agreement, the contracts demonstrate how compute hosting has become an increasingly important revenue stream for SpaceX as demand for advanced AI infrastructure continues to exceed available supply.
SpaceX gained substantial data center infrastructure through its combination with Elon Musk’s artificial intelligence company xAI earlier in 2026. The company is now monetizing some of that capacity by renting computing resources to outside customers while continuing to operate its own AI activities.
The new customer also strengthens management’s confidence in SpaceX’s goal of reaching approximately $100 billion in annualized recurring revenue by the end of 2026.
Johnsen said during the Goldman Sachs conference that the additional hosting agreement increased his conviction that SpaceX can reach that target.
SpaceX previously told investors that it signed approximately $6.7 billion of cloud services revenue during the first few weeks of the third quarter alone.
The rapid expansion of the compute business comes with substantial capital requirements.
SpaceX spent approximately $16 billion on AI infrastructure during the second quarter of 2026, and executives indicated that similarly high levels of spending could continue through the remainder of the year.
Demand for this infrastructure has intensified as leading AI developers race to secure GPUs, electricity and data center capacity required to train and operate increasingly sophisticated models.
SpaceX’s ability to combine computing infrastructure with its broader energy, networking and aerospace capabilities could eventually differentiate the company from conventional cloud infrastructure providers.
Elon Musk has also outlined plans to move portions of AI computing infrastructure into orbit. SpaceX is planning to begin deploying its first orbital data centers by the end of 2027 as the company explores whether space-based computing can address some of the electricity, land and infrastructure constraints facing terrestrial data centers.
The latest $1.11 billion-per-month agreement adds another large customer to SpaceX’s compute business and further diversifies the company’s revenue beyond launch services, Starlink satellite connectivity and government contracts.
