SpaceX signs $13 billion AI hosting deal, CFO says $100 billion ARR on track

September 11, 2026 at 08:29 PM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

SpaceX has signed a new AI compute hosting deal worth about $1.11 billion per month starting December 1, adding roughly $13 billion in annual recurring revenue. CFO Bret Johnsen announced the deal at the Goldman Sachs Communacopia + Technology Conference in San Francisco and said the company remains on track to reach $100 billion ARR this year. The new contract adds to existing AI compute agreements with Anthropic and Google.

Key Facts

The new AI compute hosting deal is worth about $1.11 billion per month starting December 1, 2026, translating to roughly $13 billion in annual recurring revenue.
CFO Bret Johnsen said SpaceX is on track to reach $100 billion in annual recurring revenue this year.
SpaceX previously announced AI compute deals with Anthropic for $1.25 billion per month ($15 billion ARR) and with Google for $920 million per month ($11.04 billion ARR).
William Blair analyst Louise DiPalma said the new deal is separate from the $6.7 billion six-month contract announced on SpaceX's August earnings call, which he suspects is with the U.S. Department of Defense.
SpaceX is considering slowing the physical buildout of its terrestrial data centers to address operational and reliability concerns, according to The Information.

New AI Compute Deal

SpaceX has signed another AI compute hosting deal that will generate about $1.11 billion per month starting December 1, 2026. CFO Bret Johnsen announced the agreement at the Goldman Sachs Communacopia + Technology Conference in San Francisco. The contract adds roughly $13 billion in annual recurring revenue to SpaceX's AI compute business. Johnsen said the company is on track to hit $100 billion in overall annual recurring revenue this year.

Existing AI Compute Contracts

Earlier this year, SpaceX announced a compute deal with Anthropic for $1.25 billion per month, or $15 billion in annual recurring revenue. SpaceX also has a deal with Alphabet's Google for $920 million per month, or $11.04 billion in annual recurring revenue. William Blair analyst Louise DiPalma said the new deal is different from the $6.7 billion six-month contract announced on SpaceX's August earnings call. DiPalma suspects the $6.7 billion deal is with the U.S. Department of Defense.

Revenue Trajectory and Data Center Plans

The four disclosed AI compute deals amount to about $45.7 billion in annual recurring revenue for December. Adding the rocket business at approximately $4 billion ARR and Starlink at $17.2 billion ARR brings SpaceX closer to the $100 billion target. Johnsen said he has even more conviction in hitting the $100 billion ARR goal as growth continues. SpaceX is now considering slowing down the physical buildout of its terrestrial data centers to address operational and reliability concerns, according to The Information.