The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InIn a move reflecting its strategic expansion into AI infrastructure, SpaceX has signed a major agreement to provide Reflection AI with computing power utilizing Nvidia GB300 chips. The deal is valued at $150 million per month starting in July 2026, with a potential total value of $6.3 billion through 2029. These computing operations are set to take place at Elon Musk's Colossus 2 data center, further integrating the aerospace company's resources with high-performance AI workloads.
This partnership surfaces amid intense demand for advanced GPU clusters, with Nvidia (NVDA) trading at $209.86 per market data on June 22, 2026. The reliance on the GB300 architecture underscores Nvidia's market leadership compared to peers like TSM, which closed at $467.85 on the same date, and AMD. Industry analysts note that such long-term infrastructure commitments are becoming essential for AI startups to secure the necessary hardware runway for future model iterations.
Traders should watch SpaceX (SPCX) price action, which stood at $185 at close on June 18, 2026, as the market weighs this long-term revenue stream against the 2026 start date. Looking ahead, the economic calendar highlights the Eurozone CPI release on June 17, a key catalyst that could influence global tech valuations and the broader interest rate environment governing capital-intensive data center expansions.