SpaceX Adds $1.11 Billion-a-Month Compute Deal Starting December 1, 2026

Key Facts

SpaceX Chief Financial Officer Bret Johnsen said at the Goldman Sachs Communacopia + Technology Conference on September 10, 2026, that the company had signed another compute-hosting agreement earlier in the month without identifying the customer. He said the contract would generate about $1.11 billion per month starting December 1, 2026.

Johnsen described the agreement as adding roughly $13 billion of annual recurring revenue and said it increased his confidence in SpaceX reaching a $100 billion year-end 2026 annual recurring revenue target by annualizing its December run rate. This is a revenue-rate measure, not the deal's disclosed total value or revenue already recognized.

Johnsen said most of the company's compute contracts, including the latest agreement, use a 90-day term with a further 90-day exit window, amounting to a commitment of roughly 6 months. Calling it a contract with a total value of $13 billion is therefore misleading; that figure is an approximate annualized rate.

The agreement does not mark SpaceX's entry into compute hosting. Its prospectus said the company signed agreements with Anthropic in May 2026 covering access to about 325000 NVIDIA graphics processors for $1.25 billion per month through May 2029, with an initial 3-month period and 90 days' termination notice.

SpaceX shares, traded as SPCX, closed at $148.18 on September 10, 2026, according to EL7 data. The shares began trading on Nasdaq and Nasdaq Texas on June 12, 2026, so the original reference to the contract affecting SpaceX's private valuation is no longer accurate.

For investors, the next checkpoints are whether service begins on December 1, 2026, whether the customer remains under the short-duration structure and how the revenue appears in subsequent company disclosures. A single closing price cannot isolate the agreement's effect from other drivers of SPCX shares.